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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 and Investigation Services
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.
Making Tax Digital for VAT
01 Nov 2018The introduction of Making Tax Digital (MTD) makes fundamental changes to the way the UK, including Northern Ireland, tax system works, and represents the biggest change to the VAT compliance rules in decades. From 1 April 2019, most VAT registered organisations with a turnover above the VAT registration threshold (currently £85,000) will be required to:
- submit their VAT return data digitally using software compatible with HMRC’s Application Programming Interface (API) platform
- maintain digital records and a digital VAT account
This applies to VAT periods commencing on or after 1 April 2019. Affected businesses will no longer be able to submit their VAT return by entering the details into HMRC’s online portal.
HMRC has recently announced that this will be deferred until 1 October 2019 for taxpayers with more complex requirements, including trusts, ‘not for profit’ organisations that are not set up as a company, VAT groups, certain public sector entities, local authorities and traders based overseas. However, ‘not for profit’ organisations (including charities) set up as companies will still be subject to MTD from 1 April 2019.
In addition, with effect from 1 April 2020, all businesses will be required to maintain a clear digital ‘journey’ or ‘digital links’ between their accounting systems and the software used to prepare and submit their VAT returns.
All affected organisation should review their VAT accounting processes to establish whether their existing systems and any relevant software meet the stringent MTD requirements. For many organisations, upgrades, add-ons and, in some cases, completely new reporting systems or software will be required.
Businesses should also review the quality of their accounting data and ensure that all necessary VAT information is captured by the reporting systems. Where manual adjustments are made outside those systems, these should be reviewed to make sure they are correct.