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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.
The Chancellor, Rishi Sunak has had a busy few months since his appointment in February with the Spring Budget on 11 March 2020 and outlining the wide range of Government Covid-19 economic supports. This afternoon, he announced a ‘mini-budget’ which, as expected, focused on a package of short-term measures to combat the ongoing economic impact of Covid-19.
As part of the Government’s three-step recovery plan for jobs, the Chancellor also confirmed that there would be no extension to the Coronavirus Job Retention Scheme and that it would continue to remain flexible until 31 October 2020. However, in order to encourage employers to return employees from furlough there will be a new Coronavirus Job Retention Scheme bonus. Employers will receive a one-off bonus of £1,000 (paid in February 2021) for each furloughed employee who has been paid on average over £520 per month between the end of Coronavirus Job Retention Scheme and 31 January 2021.
There were a number of schemes launched to assist employers with the cost of hiring new staff, trainees and apprentices in England.
Secondly, to assist the Hospitality and Tourism industry, there will be a temporary six-month reduction in VAT from 20% to 5%, beginning next Wednesday 15 July 2020 (ending 12 January 2021). The new temporary rate will apply to food and non-alcoholic drinks from restaurants, pubs, bars, cafés and similar premises. It will also extend to include accommodation and admission to attractions during this period too.
In a further support to this industry, a new ‘Eat Out to Help Out’ scheme will be available during the month of August 2020, to encourage people to eat out between Monday and Wednesday. This will entitle every diner to a 50% discount of up to £10 per head on their meal, at any participating restaurant, café, pub or other eligible food service establishment. The discount can be used unlimited times and will be valid on any eat-in meal (including on non-alcoholic drinks). Local businesses can register to become participating establishments and make a weekly claim for reimbursement, which will then be paid within five working days.
Finally, there was some relief for the residential property market with a temporary increase in the Stamp Duty Land Tax threshold from £125,000 to £500,000 until 31 March 2021.
These latest measures are a very welcome boost to the local economy, however we must wait for the Autumn Budget and Spending review later in the year to understand the plan for longer term recovery.
