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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.
Last Monday afternoon, the Chancellor Phil Hammond announced the final Budget before the next big ‘B’ day, Brexit, on the 29 March 2019.
Worryingly, the Office for Budget Responsibility (OBR) issued a strong statement that ‘there remains no meaningful basis on which to predict the outcome of current negotiations over the relationship between the UK and EU after Brexit’. As a result, the Chancellor introduced a series of short term spending measures for the NHS and education including £300 million for shared education for Northern Ireland.
There were some early Halloween sparklers, where the Chancellor is increasing the personal allowance to £12,500 and the higher rate tax threshold to £50,000 a year early, from next April. He also provided some good news for Northern Ireland, with his approval of the £350 million funding for the Belfast Region City Deal and an additional £2 million for city centre business to assist with the aftermath of the Bank Buildings fire. This is welcome, particularly in light of the ‘exclusion zone’ and Danske Bank’s recent Consumer Index that shows consumers here have been at their lowest ebb this year as pressures of Brexit uncertainty and rising prices take their toll.
We are currently working closely with a wide range of clients to prepare and implement ‘no deal’ contingency plans and have found many are postponing expansion plans, therefore we welcome the increased capital investment reliefs introduced. The annual investment allowance, which provides for 100% tax relief on qualifying plant and machinery, has been increased from £200,000 to £1 million for the next two years and a new ‘Structures and Buildings Allowance’ both of which are aimed to boost capital expenditure by local companies.
The range of increased tax reliefs and generous spending measures announced in this Budget were intended to mark ‘austerity coming to an end’ in light of significantly improved public finance figures from the OBR. Unsurprisingly, however, there were no long-term plans and many view this budget as a sticky plaster to get the UK through the Brexit negotiations. While there remains much uncertainty over the next few months, this Budget does give moral support to those businesses already planning for a ‘no deal’ scenario that the government is doing the same! Their plans include an additional £0.5 billion (to the existing £3.7 billion) allocated to government departments to prepare for Brexit and confirmation that an ‘emergency budget’ may be required in the Spring in the event of a ‘no deal’ Brexit.