Feb 20

Double-Cab Pickups Get Tax Reprieve: Government Scraps U-turn

Government Caves to Backlash, Maintaining Current Tax Treatment for Pickups In a surprising turn of events, the government has reversed its decision to reclassify double-cab pickups as company cars, effectively scrapping a planned massive increase in tax contributions. This U-turn follows a week of vocal opposition from motorists, farmers, and businesses who faced significant financial […]

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Aug 05

IoD calls for extension of capital allowances super-deduction

The Institute of Directors (IoD) has called on the government to extend the capital allowances super-deduction. Data published by the IoD found that the super-deduction has had ‘a positive and measurable impact’ since it was introduced at Budget 2021. The data showed that 13% of firms reported that the super-deduction had had a direct impact […]

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Sage Easter Blog

Apr 08

Sage and Co Easter Opening Hours 2022

Easter Opening Hours This Easter we have decided to treat our fabulous team to an additional break, so our offices will be closed from 5pm Wednesday 13 April 2022 and will reopen Tuesday 19 April 2022 at 9am. Happy Easter from everyone at Sage & Company

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Mar 24

Useful information and links – COVID-19

Click here to download our leaflet dated 24/03/20  In times of great uncertainty, it can be difficult to know where to begin or how to plan to see your business through the coming days, weeks and months. As many of our clients will be facing the same difficulties, we have put together this help sheet […]

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Jan 20

Welsh government publishes Draft Budget

The Welsh government has published its Draft Budget, setting out revenue raising and capital spending plans for 2020/21. The Draft Budget confirms no changes are proposed to Welsh income tax rates, or Land Transaction Tax rates and bands. The Draft Welsh spending plans for the longer term will depend on the next UK Budget and […]

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Nov 21

Increase in probate fees abandoned

The government has abandoned its planned increase in probate fees. The increase in fees was originally expected to take effect from 1 April 2019. However, in March 2019 HMRC postponed the introduction of the increase, attributing the delay to pressure on Parliamentary time. As part of the government’s plans, estates that are valued between £50,000 […]

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Jan 29

Land and Buildings Transaction Tax and First-Time Buyer Relief

The Scottish government announced that they will introduce a new Land and Buildings Transaction Tax (LBTT) relief for first-time buyers of properties up to £175,000. The relief will raise the zero tax threshold for first-time buyers from £145,000 to £175,000, and according to the Scottish government 80% of first-time buyers in Scotland will pay no […]

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Jan 25

Welsh Land Transaction Tax

The Welsh Parliament have announced changes to proposed rates and bands for Welsh Land Transaction Tax which is to be introduced in Wales from 1 April 2017. The rates and bands will be confirmed in January 2018 but details of the proposed rates and bands are included in the following statement. Internet links: GOV.WALES land-transaction-tax GOV.WALES […]

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Nov 20

Welsh Land Transaction Tax

The Welsh Assembly has announced the proposed rates and bands for Welsh land transaction tax (LTT) which is to be introduced for land and property in Wales on 1 April 2018, replacing Stamp Duty Land Tax. Under the new rates for LTT, Wales will have the highest starting threshold for the property tax in the […]

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Aug 03

Proud Sponsors of the Denbigh and Flint Agricultural Show 2017 Stand E18

Sage & Co Chartered Accountants are proud sponsors of the Denbigh and Flint Agricultural Show again this year.  With agricultural accounting being at the forefront of our specialities, we have developed well-established links with other professional practices strongly associated with the rural community. As such, we pride ourselves on our strong connections with the local rural community and are […]

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Jul 27

Employment Related Securities return deadline

HMRC are advising that there have been technical issues with their Employment Related Securities (ERS) annual returns online service. Employers have to complete returns for any schemes that have been registered on the ERS online service, such as Enterprise Management Incentives (EMI), a non-tax advantaged scheme or award, Company Share Option Plan, Save As You […]

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Jul 19

Land Transaction Tax

From April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT) in Wales.  Land and Buildings Transaction Tax (LBTT) already applies in Scotland. Like SDLT (and LBTT), LTT will generally be payable on the purchase or lease of a building or land. The new tax may, therefore, be relevant to house buyers and […]

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Jun 02

Investment Bond launched

National Savings and Investments (NS&I) has recently launched a government-backed Investment Bond. The main details of the Bond are as follows: minimum deposit of £100 balances on the account must be between £100 – £3000 applications can only be made online and up to April 2018 applicants must be aged 16+ years fixed interest rate of […]

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May 29

VAT fuel scale charges

HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2017. VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by the business. Please do get […]

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Dividend Reduction

Apr 24

Reduction in the Dividend Allowance

It was announced in the Budget that the Dividend Allowance will be reduced from £5,000 to £2,000 from April 2018. Dividends received by an individual are subject to special tax rates. The first £5,000 of dividends are charged to tax at 0% (the Dividend Allowance). Dividends received above the allowance are taxed at the following […]

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VAT Flat Rate

Apr 19

VAT Flat Rate Scheme – Limited cost trader

Changes are being made to the VAT Flat Rate Scheme (FRS) which take effect from 1 April 2017. These changes may mean that the FRS is less attractive to some businesses and this may result in these businesses deciding to no longer operate under the FRS. In some cases where a trader has voluntarily registered […]

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Jul 19

Proud Sponsors of the Denbigh & Flint Agricultural Show

Sage & Co Chartered Accountants are proud sponsors of the Denbigh & Flint Agricultural Show again this year.  With agricultural accounting being at the forefront of our specialisms, we have developed well-established links with other professional practices strongly associated to the rural community. As such, we pride ourselves on our strong connections with the local rural […]

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From first going self-employed to starting a limited company, the fantastic accountants at Sage have talked me through the processes and looked after all things accounts-related, leaving me with peace of mind; free to focus on the day-to-day operating of the business. Sage handles everything for me from payroll to tax returns and their service is flawless; when I need something its done; when I need info I get it. All of their staff are friendly, professional, efficient and patient and I couldn’t manage without them.

 

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