Wilkins Kennedy LLP | Wilkins Kennedy

Latest Comment

The Living Wage – A Lidl Example

Victoria Chambers

Victoria Chambers

We are used to seeing Lidl shaking up the British high street by cutting prices. But now they are making waves with some dramatic increases – not in prices, but in wages. The company announced on 17th September that, from …

Read More


Latest Press

Wilkins Kennedy announces Winchester merger with FBR

Top 20 accountancy firm, Wilkins Kennedy, is pleased to announce a successful merger with locally-based firm, FBR Accounting Ltd., as of Monday 5th October 2015. Wilkins Kennedy is no stranger to growth and this is the most recent merger to take place in its Solent region. The new merged entity will be known as Wilkins Kennedy and two directors and eleven staff will join Wilkins Kennedy from FBR.  This will expand the current professional services offering, with particular areas of specialism in cloud services. Ian Talbot, Managing Partner of Wilkins Kennedy’s Winchester and Romsey offices, said: “We look forward to having them on board.”

Tax Dates

19 October 2015

19th/22nd Deadline for payment of NIC Class 1B

31 October 2015

Income Tax return for 2014-15 to be filed by this date if not to be filed online 31st October 2015 - ATED payment due for properties in the band £1m to £2m

30 November 2015

Deadline for final claims for double tax relief for qualifying UK gambling duties

WK Tax Factor

Prompt Payment Discounts

From 1st April 2015 VAT law in connection with prompt payment discounts is changing. The changes will not only affect those businesses that offer prompt payment discounts to customers but also those who receive invoices offering a prompt payment discount.

The current VAT legislation is relatively simple with the amount of VAT declared on the invoice as well as the amount of VAT the recipient of the supply can treat as input tax being calculated on the discounted price.

The amount of VAT does not change even if the prompt payment discount is not taken up by the customer.  - See more 

Stay up to date

Twitter Linkin Facebook Google plus