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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 we listened to the Chancellor deliver his first Spring Budget, I began to think that there would be little to write about from an employment tax perspective. However, as my first boss said with regards to tax….the devil is in the detail and as we read through the Spring Budget 2023 online document a few specific details began to emerge.
Employee Reward
The Government had previously indicated that it was consulting on ways to simplify tax advantageous equity reward plans. Last Autumn, the Chancellor announced that from April 2023, the value of shares that could be awarded under a Company Share Option Plan (‘CSOP’) will increase from £30,000 to £60,000.
In today’s Budget, it was announced that some of the requirements for option awards to qualify under an Enterprise Management Incentive Plan will now be relaxed. Employees will no longer have to sign a working time declaration; however, it is unclear if this means the working time requirements will be removed. Option awards will no longer have to be notified within 92 days and instead the deadline will be by 6 July. This is welcomed and aligns with the deadline for Employer Annual Employment Related Securities return.
Mobile Employees
As the world moves towards a more flexible way of working, the tax and legal implications for employers present many challenges. It is encouraging to see the document mention an expansion to the rules around Business Visitors to the UK from Autumn 2023. The strict requirement to operate PAYE with respect to business visitors can be relaxed subject to having a Short Term Business Visitors Agreement in place. While this is beneficial in some circumstances, there are limitations. Consultations will also begin to make the legal migration system quicker and more responsive to help immediate labour supply pressures.
Pension Contribution Changes
The increase in the pension Annual Allowance form £40,000 to £60,000 will provide some welcome relief for employers and employees trying to manage pension obligations under auto-enrolment and the resulting pension tax charges that arise when the mandatory contributions exceed the limit. The minimum Tapered Annual Allowance will increase from £4,000 to £10,000 and the income threshold will increase from £240,000 to £260,000.
Benefits & Tax Administration
A consultation will also begin to consider what impact regulations requiring employers to provide occupational health services for employees, will have.
The Government is also looking at improving IT systems to allow full pay-rolling of benefits, reducing administration around end of year P11D reporting. Further announcements will be made around tax administration in a Spring Tax Administration and Maintenance day.
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Peter Legge Peter specialises in advising owner managed businesses on tax matters ranging across the various stages of their growth model – from business structuring, to protecting and expanding business activities, to tax efficient realisation of value from the business.View Profile -
Alan Gourley Alan is a Partner and UK tax specialist. He has a focus on advising High Net Worth Individuals (“HNWIs”) trusts and family businesses in respect of income tax, capital gains tax, inheritance tax and all aspects of succession planning.View Profile -
Jane Lee Jane is a Chartered Tax Adviser (CTA) and has 18 years’ experience in providing UK tax services to a wide range of businesses and individuals across the globe.View Profile