Ulster Bank Loan Sales
Following the further disposal of the most recent tranche of Ulster Banks "non-performing debts" by Ulster Bank to Cerberus Capital Management it is likely that you or someone you know has been affected by these transactions. This tranche was previously non-performing agricultural debt with the majority of the debt Republic of Ireland based.
Read full articleRepublic of Ireland Budget 2017
Minster for Finance, Michael Noonan, delivered his sixth budget since 2011. There were little surprises in this budget given most of it had been leaked in advance. There was a little something for everyone with cuts in USC, DIRT and increases in CAT thresholds and social welfare payments. Smokers were once again hardest hit with the only tax increase being on a packet of cigarettes.
Read full articleThe Government accepts minimum wage rate recommendations
The Low Pay Commission recently welcomed the Government’s acceptance of its recommendations for the rates of the minimum wage affecting workers under 25 and apprentices to apply from 1 October 2016 - including:
Read full articleHigher rate SDLT on additional residential properties
As part of the government’s Five Point Plan for Housing higher rates of Stamp Duty Land Tax (SDLT) have been introduced for the purchase of additional residential property with effect from April 2016.
Read full articleNorthern Ireland Rural Development Programme 2014-2020
Mid Ulster Rural Development Partnership is responsible for delivering LEADER funding throughout Mid Ulster District Council under the 2014 – 2020 NI Rural Development Programme.
Read full articleVAT & Multiple Building Dwellings
HMRC has recently changed their interpretation of the VAT treatment of dwellings that have been formed from either the construction of new buildings, or from the conversion of non-residential buildings into a dwelling. HMRC had previously considered that whilst a building could contain more than one dwelling, a dwelling could not be formed from more than one building.
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