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Christmas Cheer For All The Year

Jon Heddle

Jon Heddle

The run up to Christmas can be a great opportunity for students and young people keen to take advantage of seasonal work placements, especially in the retail and service industries. However this year, it’s not just employees who’ll feel the …

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National Insurance

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Southampton accountant helps build firms for the future at International Conference

Top-20 UK accountancy firm, Wilkins Kennedy’s Southampton office, is pleased to welcome back local Managing Partner Adam Wilson who has just returned from the IAPA Annual International Conference in Hong Kong, where he was among more than 75 global members from 48 accounting firms worldwide. As well as his role at Wilkins Kennedy as Managing Partner at the Southampton and Portsmouth offices, Adam Wilson is also the Finance Director of IAPA and is the longest serving member on both the International and Executive Boards of IAPA. The conference was held from 15th-18th November where the occasion marked the retirement of the former Chairman and the appointment of his successor.

Tax Dates

31 December 2015

Last day that Annual Investment Allowance remains at £500,000 before reverting to £200,000

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 

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