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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.
As part of the Base Erosion and Profit Shifting (“BEPS”) project, the Organisation for Economic Cooperation and Development (“OECD”) has presented a two-pillar approach as an ongoing effort to reform international taxation and prevent tax avoidance by multinational enterprises (“MNEs”).
Pillar two focuses on establishing a global minimum tax rate to ensure that companies pay a minimum level of tax regardless of where they operate or where their profits are booked. The rules apply to MNEs with annual consolidated revenue of at least €750 million in at least two out of the prior four accounting periods.
The OECD provided details on two interlocking measures, the Income Inclusion Rule (“IIR”) and the Undertaxed Profits Rule (“UTPR”), whereby profits taxed at less than 15% would be targeted for additional taxation. The IIR imposes a top-up tax on the ultimate parent entity of a low-taxed foreign subsidiary. The UTPR seeks to deny deductions, or take similar actions, to collect tax that would otherwise not be collected under the IIR.
In response to this, the UK Government stated in the Autumn Statement that a qualified domestic minimum top-up tax (“QDMTT”) would be introduced in the UK alongside the IIR for accounting periods commencing on or after 31 December 2023. The QDMTT tax rule will require large groups, including those operating exclusively in the UK, to pay a top-up tax where their UK operations have an effective tax rate of less than 15%.
Both the multinational top-up tax and domestic top-up tax were formally introduced in the 2023 Finance Bill. The Government intends to implement the UTPR in the UK, but with effect no earlier than accounting periods beginning on or after 31 December 2024.
According to the OECD, Pillar Two represents “a radical shift in the tax landscape”. MNEs with global revenues of €750m or more will need to put measures in place to ensure they are compliant with Pillar Two, with MNEs that are close to the threshold being actively monitored. Failure to comply will result in penalties being imposed with interest accruing on any late paid top-up tax on a daily basis.
At Grant Thornton NI we have a dedicated international tax team and we work with a global network of international tax specialists who can advise and assist you and your business with planning to ensure compliance with the complex Pillar Two rules.
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