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Corporate Finance and Deal Advisory
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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Technology Consulting
Motivating and assisting our clients to pursue, maintain and secure the benefits of digital solutions is at the core of our Digital Transformation teams' agenda and goals. We work with business leaders to deliver efficient digital strategies and operating models that provide new or enhanced capabilities.
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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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Forensic Accounting
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.
“Preparing our economy to be resilient as we exit the EU” was the Chancellor, Philip Hammond’s aim for his first (and last!) Autumn Statement – the main fiscal event will move to the autumn with a Spring Statement from 2018.
Certainty and stability were key factors noted as highly valued by business and the Chancellor has looked to create these by confirming the government’s commitment to their existing ‘business tax road map’. His statement focussed on investment in infrastructure and innovation, with monies allocated for research and development, homebuilding and transport.
Welcome news for Northern Ireland, was the announcement of an additional £250m (over four years) to the NI Executive’s budget enabling in key infrastructure projects, aimed at boosting productivity and promoting growth.
5G communications
Sharing in the £4.7bn increased funding for research and innovation and the £0.7bn further investment to support full-fibre connections and future 5G communications, will directly benefit Northern Ireland, ensuring that businesses here are best placed to take advantage of the opportunities presented by such investments.
Whilst families and ordinary working individuals will benefit from a rise in the National Living Wage and freeze on fuel duty, employers are impacted further by the alignment of the employer and employee national insurance costs. Whilst this is expected to raise revenues for the Treasury, employers will be less likely to offer perks such as mobile phone contracts and gym membership etc.
No reduction in the main rate of UK corporation tax is to be welcomed locally, as the introduction of a 12.5% rate of NI corporation tax in April 2018 may still be seen by many to be a differentiator which could drive additional investment. It was also announced that the NI Corporation Tax regime is to be amended in the Finance Bill 2017, to give all small and medium sized enterprises (SMEs) trading in Northern Ireland the potential to benefit.
Some of the key tax announcements are listed below:
Businesses
- corporation tax rate reduction to 17% by 2020 remains, but changes to interest deductibility and loss relief provisions to be implemented;
- tax and National Insurance advantages of certain salary sacrifice schemes to be removed from April 2017; and
- alignment of employees and employers NIC from April 2017.
Individuals
- personal allowance increases to £11,500 (currently £11,000) next year and the higher rate threshold to £45,000 (currently £43,000);
- the ISA limit will increase from £15,240 to £20,000 from April 2017;
- a new income tax allowance was announced for trading and property income whereby individuals with trading or property income below £1,000 will no longer need to declare or pay tax on that income;
- reforms to the taxation of individuals domiciled outside the UK will go ahead as planned from April 2017; and
- government support for savers through provision of a new 3 year savings bond in spring 2017.