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