Spring Budget 2024

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Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
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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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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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Tax

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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.
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.
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 Ireland 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.
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.
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.

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A year ago, the Chancellor’s Spring Budget was framed as a ‘budget for growth’. With the UK now in technical recession, this most recent Spring Budget sets its sights on being a ‘budget for long-term growth’. The Chancellor delivered the Spring 2024 budget in a little over an hour and while the words were plentiful, they added up to not a lot for business growth.

On the plus side, the Office for Budget Responsibility (OBR) now believes that inflation will get back to target sooner than previously thought. This is good news for people, especially as the OBR think this will aid a faster return to pre-pandemic standards of living. The headline grabbing ‘one more thing’ element of this budget was the well trailed cut to employee National Insurance Contributions (NIC). Another 2% reduction to employee NIC will benefit average earners by around £450 per year, and adds further benefit to the recent 2% reduction.

For the Northern Ireland Executive, the announcements add up to an extra £100m coming from HM-Treasury. Given the seemingly perma-fiscal crises the Executive finds itself in, this cash injection will be welcomed but is unlikely to excite.

Article The Autumn Statement – the first Labour Budget since 2010

Explore the key tax and spending changes expected in the first Labour Budget since 2010, addressing the £22bn shortfall and potential reforms in pensions and CGT.