-
Business risk
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
-
Consulting
Tailored consulting solutions that deliver measurable results through digital, regulatory and strategic transformation.
-
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.
-
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
-
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.

-
Report FRS 102: Major changes to revenue recognitionExplore key changes to FRS 102 Section 23, including the new five-step revenue model and its impact on financial reporting in Ireland and the UK.
-
Article Changes to filing options and requirements at Companies HouseFrom April 2027, Companies House will require all UK entities to file digital accounts. Learn what’s changing and how to prepare for the new rules.
-
Article FRS 102 periodic review: Small companiesExplore key changes to small company disclosures under FRS 102 Section 1A, including UK GAAP updates on leases, tax, going concern and related parties.
-
Article FRS 102 periodic review: Other changesOn 27 March 2024, the Financial Reporting Council issued amendments to FRS 100 – 105 (known as GAAP, or Generally Accepted Accounting Practice), a suite of accounting standards applicable in the UK and Ireland. These are used by an estimated 3.4 million businesses in preparing their financial statements.
-
Corporate tax
End-to-end corporate tax support, from accurate compliance to specialist advisory, helping you meet obligations and create efficiencies.
-
Employer solutions & payroll
Comprehensive support with employment tax, compliance and payroll outsourcing, simplifying employer responsibilities and protecting your workforce strategy.
-
Indirect tax compliance & advisory
VAT, customs and trade solutions that ensure compliance, reduce costs and uncover cashflow opportunities.
-
International tax
Practical advice and global strategies to manage transfer pricing, multi-jurisdictional compliance and cross-border tax structuring.
-
Private client compliance and advisory
Tailored advice and compliance services to protect wealth, reduce liabilities and plan for succession with confidence.


Update your subscriptions for Grant Thornton publications and events.
With all the challenges presented by both Brexit and the coronavirus pandemic, the UK Budget announced back in Spring 2021, has received little press attention.
The headlines have focused on measures aimed to help ease the financial loss of lockdowns, such as the furlough scheme, and reduction of VAT rates for the hospitality sector.
As we all have been expecting, Treasury are ultimately faced with an issue of balancing the books, and will need to recoup the grant monies used to prop up the economy.
One of the most significant measures taken was the increase in the main rule of corporation tax from 19% to 25%, effective from 1 April 2023.
NI businesses have been particularly tested over the last couple of years, not only from the coronavirus pandemic but also with the need to adapt to the implementation of the NI Protocol.
Now faced with a corporation tax rate which is double that of their counterparts across the border in the Republic of Ireland, the competition for cost-effective business is going to become more challenging than ever.
Looking at developments around the world, the OECD have agreed and implemented a deal with more than 130 countries to set a global minimum corporation tax rate of 15%. This deal includes the EU and most notably, the Republic of Ireland.
Ireland has long been an attractive area for large multinational companies and foreign direct investment due to the low corporation tax rates of 12.5%.
Whilst the Irish government were initially hesitant to agree to an increase of corporation tax and potentially risk losing their appeal to businesses, they sought assurances to ensure that only businesses with global revenues over €750 million would be subject to the new higher rate of 15%.
The European Commission are aiming to deliver a directive this year to implement the OECD rules.
This will leave Northern Ireland in a unique position having to compete with a massive differential in corporation tax rate from across the border.
Corporation tax was pushed on the agenda for years, with legislation put in place back in 2015 to devolve corporation tax to Stormont.
There are many political scuffles as to why this legislation has not implemented a reduction in the local corporation tax rate, particularly surrounding the required reduction of the block grant funding received from Westminster.
With the impending increase to a 25% rate of corporation tax and lows as much as 12.5% in the Republic of Ireland, the need to revisit the special Northern Ireland corporation tax rate has been considered by The Independent Fiscal Commission NI in their Interim 2021 report.
As businesses recover and seek to consolidate post-pandemic, higher corporation tax rates will not be met with a warm welcome.
Any tax paid is a sunk cost which impacts the shareholder value and accordingly businesses should review cash flow projections, corporation tax forecasts and consider all the available mitigations such as the efficient use of unutilised losses (perhaps arising during the pandemic), tax effective investment to maximise capital allowances, and much more.