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 UK Prime Minister, Theresa May today announced that she was indefinitely postponing the House of Common’s vote on the Brexit deal she agreed with the EU three weeks ago. The Prime Minister acknowledged that if there had been a vote this week, her deal would have been heavily defeated by MPs in Westminster.
This means that with just 75 working days to go before Brexit day on the 29 March 2019, we still have no agreement on what Brexit will be. We are now standing on the threshold of a huge change to the UK economy and society but we still do not know exactly what form that could take, how fast it could happen and how big a change it may be.
What happens next?
The Prime Minister indicated that the ‘Northern Ireland backstop’ provisions of the deal is the main element that MPs oppose. She will now seek further concessions from EU leaders at their EU summit on Thursday; although the EU President Donald Tusk has already indicated that there may be very little room for manoeuvre.
We do not know when Parliament will now have a chance to vote on Brexit. Theresa May hinted it might be 21 January, but in theory she could call a vote as late as 28 March.
The scale of discontent amongst MPs means we may see some radical responses and political manoeuvrings. The Labour Party may call for a vote of no confidence in the government and try to push for an election. Another group of MPs may push for a ‘People’s Vote’. And another faction of MPs may push for a ‘Norway Plus’ Brexit (single market and customs union membership). Theresa May’s own ministers may urge her to adopt a radical change of plan or resign.
Any of this could happen swiftly; but may drag out over Christmas and well into January or even February. There are many different potential outcomes. The default remains a ‘No Deal’ Brexit: unless MPs can agree on something (and the EU agrees too), then we will leave the EU on 29 March with No Deal.
The options ahead are set out in the flow diagram in the video below
What does this mean for business and other organisations?
1. Don’t wait for the politicians to reach an agreement. It could be February or even March before this political deadlock breaks. By then it will be too late to make contingency plans for 29 March.
2. If you can, plan for all eventualities. If you haven’t already, do some scenario planning, assessing how the different options impact on your organisation, your markets and suppliers. We can help through our Brexit Advisory services.
3. Identify opportunities that uncertainty and disruption in the market create: where are your competitive advantages; how can your goods or services help others navigate this uncertain time; are there opportunities to increase exports in the rest of the world or acquire undervalued assets?
4. If nothing else, plan for No Deal: and work out when you need to implement plans to ensure ongoing business continuity. The Government is ramping up its No Deal contingency planning; so should you.
5. Get match fit: focus on the business basics: protecting cashflow; insulating your balance sheet; retaining and attracting talent; sweating your assets; meeting customer needs; and removing unnecessary costs.