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 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.
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.
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.
The Chancellor’s Autumn Budget 2017 speech delivered a number of changes that will impact the UK business environment and raise considerations for you as an employer.The key messages in the Budget announcement are outlined below.
Off-payroll working in the private sector.
The Budget announced that following the changes in April 2017 relating to off-payroll workers in the public sector, eg IR35, that compliance in this area is now improving. Therefore, it has been confirmed that government will consult on extending these IR35 reforms to the private sector, drawing on the experiences gained in the public sector. Any changes in this area would unlikely be introduced until April 2019. This should also be considered in the wider context of the employment status discussion paper, to be published in response to the Taylor review of modern working practices next year.
A number of changes were announced in the Budget relating to the tax treatment of employee expenses and so called benchmark scale rates. From April 2019 there will be a relaxation of the rules requiring employers to check receipts when reimbursing subsistence benchmark scale rates, which will be a welcome change to current arrangements and significantly reduce the administration and process involved in reimbursing these rates. This will typically apply to those employees who are either field based or who travel regularly for business purposes. The concessionary rules for rates applying to temporary accommodation and subsistence when working overseas will also be given a statutory footing which will lead to greater certainty and clarity in this area and assist employers who manage large assignee populations.
The government will legislate to ensure that from 6 April 2018, employees who are UK resident in the tax year and if their employment is terminated they will not be eligible for foreign service relief on their termination payments.
National Insurance Contributions (NICs)
The government will introduce the NICs bill in 2018, which introduces measures taking effect from April 2019 abolishing Class 2 NICs and reforming NICs treatment of termination payments.
Some employers have abused the employment allowance to avoid paying the correct amount of NIC. From 2018, any employer with a history of avoiding NICs in this way will be required to provide upfront security against their NIC liabilities.
Benefits in kind
From April 2018, there will be no benefit in kind charge on electricity that employers provide to charge employees’ electric vehicles. From 6 April 2018, the fuel benefit charge and the van benefit charge will both increase by Retail Prices Index (RPI).
National living wage
From 6 April 2018, the national living wage will increase to £7.83, currently £7.50. It is likely that one or more of these measures will impact on you as an employer.