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Corporate Finance and Deal Advisory
We offer a dedicated team of experienced individuals with a focus on successfully executing transactions for corporates and financial institutions. We offer an integrated approach, with our corporate finance specialists working seamlessly with tax and other specialists to ensure that every angle is covered.
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Digital Risk
Grant Thornton offers solutions to the digital risk issues you are sure to face. Our skilled and experienced security team can helping by advising and consulting, giving you peace of mind, clear value for money and an enhanced ability to react to attacks.
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Technology Consulting
Motivating and assisting our clients to pursue, maintain and secure the benefits of digital solutions is at the core of our Digital Transformation teams' agenda and goals. We work with business leaders to deliver efficient digital strategies and operating models that provide new or enhanced capabilities.
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Economic Advisory
Our all-island Economics Advisory team combines expertise in economics and business with a wealth of experience across the public and private sectors.
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Forensic Accounting
We have a different way of doing business by delivering real insight through a combination of technical rigour, commercial experience and intuitive judgment. We take pride in delivering responsive and tailored solutions to all our clients, capitalising on the wealth of experience housed within our Belfast and wider Forensics team
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People and Change Consulting
The Grant Thornton People & Change Consulting practice works with clients on these issues as well as on all aspects of how they attract, retain, engage develop, deploy and lead their people.
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Restructuring
We work with a wide variety of clients and stakeholders such as high street banks, private equity funds, directors, government agencies and creditors to implement solutions which provide the best possible outcomes.
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Corporate and International Tax
Northern Ireland businesses face further challenges as they operate in the only part of the UK that has a land border with a country offering a lower tax rate.
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Employer Solutions
Our team specialises in remuneration and incentive planning and works closely with employers, shareholders and employees to ensure that business strategies are aligned and goals achieved in the most tax efficient, cost-effective manner.
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Entrepreneur and Private Client Taxes
Our team of experienced advisors are on hand to guide you through any decision or transaction ranging from the establishment of new business ventures, to realising value on exit, to succession planning and providing for loved ones.
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Global Mobility Services
Grant Thornton offer a different approach to managing global mobility. We have brought together specialists from our tax, global payroll, people and change and financial accounting teams across Ireland and Northern Ireland, while drawing on the knowledge and insights of our global network of over 143 offices of mobility professionals to provide you with a holistic approach to managing global mobility.
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Outsourced Payroll
Our outsourced service provides valued service to over 150 separate PAYE schemes. These ranging from 1 to 1000 employees, working for micro, SME and global employers. The service is supported by the integrated network of tax and global mobility teams and the wider Grant Thornton network delivering a seamless service. Experienced staff deliver a personal service built around your business needs.
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Tax Disputes and Investigations
Our Tax Disputes and Investigation team is made up of tax experts and former HMRC investigators who have years of experience in dealing with a variety of tax investigations. Our expertise and insight can guide you through all interactions, keeping your cost at a minimum while allowing you to continue with the day to day running of your business.
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VAT and Indirect Taxes
At Grant Thornton (NI) LLP, our team helps Northern Ireland businesses manage their UK and global indirect tax risks which, as transactional taxes, can quickly become big liabilities.
In the short-term, currency fluctuations are creating opportunities and risks for trade and supply chains.
Further ahead, customs duties, administrative approvals and compliance processes, rights of establishment and recognition of standards may change.
Government's intentions on trade
The UK and the EU have agreed a withdrawal agreement and much of the detail around a transition period. All that remains is the details of the UK’s future relationship with the EU.
The UK Government has stated its ambition to deliver a comprehensive free trade agreement with the EU. What this will look like and mean remains uncertain.
Organisations should plan with the understanding that the UK Government intends to:
- Leave the EU Single Market
- Leave the EU Customs Union.
Prepare for any Brexit eventuality
Assess the impact on your supply chain
While companies should understand their own interactions with the EU, it is equally important to be aware of your supply chain’s exposure.
Identify the risks and opportunities by considering:
- which customers and suppliers might be affected by short-term volatility?
- how will EU manufacturers review their supply chain and look at alternatives to UK suppliers?
- what are your intra and intercompany arrangements within and outside Europe?
Future-proof your supply chain
Mitigate against future risks by developing contingency plans and optimising and supply chain structures.
Book a Brexit workshop
To book a Brexit workshop or find out more about how we can support your business through Brexit, please contact your usual adviser or email us.
Measure Customs Duty and VAT changes
Leaving the Single Market and Customs Union will have implications on goods and services crossing between the UK and EU. It will also impact trade outside the EU.The UK currently enjoys access to more than 50 free trade agreements with countries around the world, negotiated by the EU – we may lose access to as a result of Brexit.New Customs Duty and import VAT might be payable – not to mention the additional administrative cost arising from the need to process import and export declarations and instruct handling agents where necessary.
Organisations should:
- review customs compliance processes
- understand the impact WTO duties would have on your business
- explore Authorised Economic Operator (AEO) accreditation options to enable goods to be cleared faster
Review your international growth strategy
With doubts over the UK’s existing trade agreements with the EU27 and third countries, you should consider how any changes will affect you by understanding how Brexit could change your access to current markets. Test and, where necessary, update your growth strategies.
Maximise short-term export growth
The depreciation in the pound combined with the continued full membership of the EU presents a unique opportunity for businesses to maximise their export growth during the negotiations.
Enter new markets
The Government has already stated its eagerness to agree quick deals with China, Brazil, the Gulf States, Australia, New Zealand, India and the United States.
Businesses should think ahead by:
- exploring potential new markets - including those without an EU free trade agreements as changes are less likely (eg China and the US)
- utilising available support – including banks, professional advisors, trade bodies and government.
Consider the potential impacts and opportunities it will create for your organisation
