Top-20 accountancy firm, Wilkins Kennedy’s Orpington office were celebrating success on behalf of a client this week, following a prestigious award-win against the odds.
London -based Roar Film Entertainment Ltd, shot an independent film, Abducted, early last year. Wilkins Kennedy was brought on board to help with the film tax credit, however, faced a battle with HMRC who questioned the validity of the film.
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Foreign Account Tax Compliance Act (FATCA) returns due (Calendar Year 2014)
Small businesses to consider compulsory enrolment of staff in workplace pension
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