Our Brexit Advisory team offer insight and guidance surrounding impacts and opportunities that Brexit has created for organisations.
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.
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.
Our all-island Economics Advisory team combines expertise in economics and business with a wealth of experience across the public and private sectors.
Grant Thornton are the leading provider of e-discovery services in the country and have been for years. Our incident response team managed the electronic discovery in the largest e-discovery in Irish history.
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
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.
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.
Audit and Assurance
Grant Thornton Northern Ireland’s Audit and assurance team are experienced advisors providing an audit that is efficient and provides assurance through our partner driven approach
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.
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.
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.
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.
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.
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.
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.
Subscribe to our mailing list
Update your subscriptions for Grant Thornton publications and events.
There were some welcome, albeit predicted changes or rather, the reversal of the previous tax increases. The planned increase to Corporation Tax from 19% to 25% has been cancelled with the objective of stimulating and incentivising business growth. The recent increase to NIC will be withdrawn from November 2022 and the upcoming Health and Social Care Levy will not be introduced in April 2023 as originally proposed. These measures were originally purported as necessary to recoup from substantial spending and borrowing during the Covid-19 pandemic but funding is now to be found elsewhere.
Other measures included the permanent increase to the Annual Investment Allowance to £1m, a relief which incentivises businesses for making capital acquisitions, in line with the Chancellor’s growth objective.
Individual taxpayers will also benefit from the proposals as the basic rate of Income Tax will be reduced by 1% to 19%, and dividend tax rates will be reduced by 1.25%; both cuts are effective from April 2023.
The limits from which Stamp Duty Land Tax (SDLT) will be payable on the acquisition of residential properties was doubled from £125k to £250k and first time buyer relief was increased to £425k.
Tax advantaged investments will be more generous to both companies and investors allowing for higher investments to be made.
Tax geared reliefs for 38 different ‘investment zones’ in England will be introduced to drive growth in less developed areas. There will be scope for the devolved nations to benefit as well.
The Chancellor has also tasked government institutions with simplifying the tax system. The off-payroll working rules (known as IR35) received special mention, with more recent rules being repealed, albeit the original legislation will remain in force. This sees a shift in the burden of compliance from larger businesses to those individuals using personal service companies. However, potential employers can’t wash their hands entirely of obligations which arise under these types of engagements and will need to still need to get things right.
The overall credibility of the Chancellor’s announcements were somewhat impaired by the market and political reaction leading to urgent action by the Bank of England and a reversal of the plan to abolish the additional rate of income tax.
Whilst the budget provided a selection of concessions, the wider effect on the economy has caused much concern. Further announcements are due on measures the government will take to make the UK economy more dynamic and competitive. There will also be updated economic forecasts and it is certainly possible that significant spending cuts will be required. Businesses will have much to consider in the short, medium and long term.