Wilkins Kennedy LLP | Wilkins Kennedy

Latest Comment

Driving electric dreams

Paul Nixon

Paul Nixon

When it comes to electric cars they can be a bit like Marmite. Some famous motoring journalists have openly ridiculed electric cars, but it looks like their manufacturers may get the last laugh. Improvements in technology have made them a …

Read More

Benefit in Kind | Tax | Tax Relief

Latest Press

Wilkins Kennedy announces finalist positions at payroll awards

Top-20 UK accountancy firm Wilkins Kennedy is pleased to announce two finalist places at the prestigious Payroll World Awards 2015. Wilkins Kennedy has been nominated for the “Payroll Provider” category with Sam Spicer from the Orpington payroll team nominated as a “Rising Star”. The eager staff and Partners are hoping to take the winner’s crown at the glamourous Payroll Awards Gala Dinner on 12th November. The judges, who include some of the top HR and Payroll specialists from several well-known firms, will be looking for outstanding achievements from the firm, demonstrated with real life case studies as well as examples of excellent team work and where dedication has come in to play.

Tax Dates

31 July 2015

Income Tax self-assessment second payment on account for 2014-15

31 July 2015

Final direct debit for Class 2 NICs collected (with collection of Class 2 NICs via self-assessment for tax year 2015–16 onwards)

5 August 2015

First report due to HMRC by employment intermediaries which place workers who are neither direct employees nor treated as employees (subject to confirmation in regulations)

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
Tools
Tools
Tools