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Brexit Advisory
Our Brexit Advisory team offer insight and guidance surrounding impacts and opportunities that Brexit has created for organisations.
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Corporate Finance
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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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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eDiscovery
Grant Thornton are the leading provider of eDiscovery services in the country and have been for years. Our incident response team managed the electronic discovery in the largest eDiscovery in Irish history.
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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.
Trade implications of Brexit for local businesses
05 Jun 2018While the impact of Brexit will be different for every organisation, planning across the three areas of (i) trade, (ii) people and talent, and (iii) finance and operations, will help identify the steps that may be taken to minimise potential risks and seize opportunities – whatever the outcome. In the first of our Brexit mini-series, we consider the wide reaching trade implications of Brexit for local businesses.
While 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. Despite this uncertainty, businesses should understand their own interactions with the EU and seek to mitigate supply chain risk by developing contingency plans and exploring alternative procurement options.
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. At present, the UK has access to more than 50 free trade agreements with countries around the world, however these are EU agreements and therefore the terms of these deals and current access to those markets are likely to change.
New Customs Duty and import VAT might also 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. To measure exposure and mitigate risk, businesses should take steps now to review their customs compliance processes, understand the impact that World Trade Organisations (‘WTO’) duties would have on the business (as a ‘worst-case scenario’) and explore Authorised Economic Operator (AEO) accreditation options to enable goods to be cleared faster.
However, with change comes opportunity. We have already seen how the depreciation in sterling combined with the continued full membership of the EU presents a unique opportunity for businesses to maximise their export growth during the negotiations. Furthermore, future trade deals with new and emerging markets could offer local businesses the chance to expand their international footprint further. The UK Government have already stated their eagerness to agree quick deals with China, Brazil, the Gulf States, Australia, New Zealand, India and the United States.
While much uncertainty exists, it is important for businesses to take steps now to develop contingency plans, assess the possible risks and harness the opportunities. Rather worryingly, much complacency still exists, with the most recent Business Monitor results released by Intertrade Ireland for Q1 of 2018 indicating that 92% of businesses surveyed, with cross border sales, still had no plans in place for Brexit. With less than 12 months until the office leave date businesses should utilise all available support. As an accredited Intertrade Ireland advisor, business can also even claim financial support of up to £2,000/€2,000 towards professional advice provided by our Brexit specialists.
