Harnett Accontants

Tag: tax office

  • Harnett Accountants In Kingston Answer Your Queries

    Tax Insights

    Harnett Accountants In Kingston Answer Your Queries

    A client came to our Harnett Accountants in Kingston in kingston who specialise in HR and Legal at with this query.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    “I have recently prepared all our companies accounts and submitted them to the Companies House and Tax Office. However, the Taxman sent back my company’s accounts and tax return saying they were in the wrong format. I’m confused. What have I done wrong?”

    Harnett Accountants in Kingston informed their client that since April 2011 all company accounts must be submitted online in iXBRL format. Offering our free hour no obligation consultation Harnett Accountants in Kingston were able to help the client to get their accounts back in order and submit it online.

    If you are interested in speaking to one of our members of staff then don’t be afraid to contact us through the contact information page on our website, alternatively you can .

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Our Accoutants In Kingston: Repayment Claims For Tax On Interest

    Tax Insights

    Our Accoutants In Kingston: Repayment Claims For Tax On Interest

    A client asked our accountants in Kingston whether she would be able to receive repayment claims for Tax on Interest. Harnett Accountants were more than happy to inform her that she may be able to claim a tax repayment from the Tax Office if her bank had deducted 20% Tax from interest paid.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    For example, If her tax-free allowance (up to £9,640 for those aged 75+) completely covers all of her income, then the full 20% tax deducted from the interest received can be reclaimed. Or she may only be due to pay 10% tax on the interest if her tax-free allowance exceeded her savings income up to £2,440.

    Where a tax repayment is due, and you don’t submit a self-assessment tax return each year, the tax due back should be claimed on the form R40. You can claim tax repayment from the past 3 years also by completing separate R40 forms. However, it is important to remember that the R40 from can only be received through paper format! Furthermore, you cannot use the R40 from if you have a taxable capital gain to report for the Tax year. If this is the case, you must register for self-assessment and complete the full self-assessment Tax return form.

    To avoid these tax repayment claims being necessary in the future, if you have a low income you can register to receive interest from banks and building societies with no tax deducted. This is done by completing the R85 form for every account held.

    Don’t forget that Harnett Accountants in West London offer a free hour no obligation consultation for all clients and you can . Additionally, you can keep reading our daily blogs

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • A Word On Web Bots From Your Accountants In Kingston

    Tax Insights

    A Word On Web Bots From Your Accountants In Kingston

    It was announced in 2011 that the Taxman is going to start targeting tax evasion by online traders, private tutors, personal trainers and life coaches. Our accountants in Kingston have recently received several queries about this from clients, so we thought a blog was necessary.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    The Taxman can now send out automatic search programmes (web bots) to trawl the internet for data on sales and services advertised by UK residents, which will be compared to bank interest and tax returns already held by the Tax Office to check everything is in order.

    If you have declared all your profits and earnings on your tax return then you have nothing to fear. Where costs are not recorded (say from selling jewellery through your private website) the Taxman will treat this income as profit, even if the turnover is very small, meaning you could land yourself in a lot of trouble!

    We at Harnett Accountants in Kingston advice that you complete the self-assessment registration form CWFI online or in paper form as soon as possible if this is the case. You will then receive a new tax return form to be filled out. If you have been trading online for several years without declaring income a more detailed disclosure to the Tax Office will be required.

    Harnett Accountants in West London offer a free hour no obligation consultation. Alternatively, you can .

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with VAT returns and compliance?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.