Monthly Archives: July 2019

Update on the VAT reverse charge for building contractors

From 1 October 2019, contractors who employ subcontractors, will need to assume responsibility for declaring and paying the VAT that was previously settled by their VAT registered subcontractors. From this date, registered subcontractors will no longer add VAT to their invoices and main contractors will pay this net of VAT amount. Now the challenging part.…
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Legal and professional fees and property transactions

We are often asked to explain if the professional fees you pay, associated with a property transaction, are a tax allowable deduction. The straight-forward answer is yes, they are, but it is necessary to consider the reason for which a property is purchased to determine which taxes are reduced by such payments. Simplistically, if you…
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Warren Ran for Reach!

As promised last month, Warren ran the Lisburn 10K on 19th June.  He managed to finish it, admittedly in a very modest time of 59 minutes 9 seconds, but the most important thing is that he raised £700.00 for his chosen charity Reach NI (https://www.justgiving.com/fundraising/Warren-McCleary ) Thank you to all of you who contributed, your generosity…
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Warren is Running his first ever 10K for Reach

As part of my plan to move from obese couch potato (2 years ago), through fat walker (1 Year ago), through fat jogger (6 months ago) to overweight runner (now, I think!), I have been challenged by one of the team at McCleary & Company to run the Lisburn 10K. Not wanting to shirk a…
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