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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, cancelled this year’s Autumn Budget yesterday and today outlined additional support for businesses to assist recovery from the Covid-19 pandemic in his ‘Winter Economy Plan’.
The Coronavirus Job Retention Scheme is not being extended and will continue to remain flexible until 31 October 2020 as previously planned. As part of the scheme, 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.
However, from 1 November 2020, a new Job Support Scheme will be introduced for businesses with decreased demand over the winter months due to coronavirus for a period of six months. In order to qualify, employees must work at least a third of their usual hours. The Government will pay a third of any remaining unworked hours (up to a cap of £697.92 per month) with the employer also responsible for paying a further third for unworked hours, such that an employee working the minimum 33% of their usual hours will receive 77% of their usual pay (55% paid by the employer and 22% funded by the Government). Employers are not required to have previously furloughed staff under the Job Retention Scheme.
There is an extension for the Self Employment Income Support Scheme (SEISS) Grant for the period from 1 November 2020 to 31 January 2021. This taxable grant will be paid to those that previously qualified for SEISS and will be calculated based on 20% of average monthly profits, up to a total of £1,875. An additional second grant will be available for self-employed individuals to cover the period from 1 February 2021 to 30 April 2021, however the quantum of this grant will be outlined in the coming months.
VAT registered businesses that availed of the VAT deferral now have the option to repay the deferred liabilities over 11 months’ interest free instead of a lump sum on 31 March 2021. The temporary reduction in VAT for businesses in the Hospitability & Tourism sector from 20% to 5%, which was due to expire on 12 January 2021 will now be extended to 31 March 2021.
Finally, in connection with the various loan schemes that had previously been made available, the Government have increased flexibility for businesses including extending the length of loans from six to ten years, extending applications to 30 November 2020 and providing a ‘Pay as You Grow’ repayment system for Bounce Back loans.
