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Business Risk Services
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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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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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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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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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 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.
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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.
IR35 - are you ready?
06 Apr 2021IR35 or ‘off payroll worker’ legislation is a complex set of rules, which has been in place since July 2000. There are far reaching changes to this legislation taking effect from 6 April 2021, so it’s clear to see why this is such a hot topic of conversation for businesses, given the costly impact it is likely to have on many.
The IR35 rules shine particular focus on workers that are operating through an intermediary, such as a personal service company (‘PSC’). The legislation allows HMRC to look through the intermediary to determine (for tax purposes), if the relationship between the worker and the ‘end engager’ is in fact one of employment.
These rules are not to be confused with the ‘self-employed vs employed’ rules. If your business engages directly with workers who are paid gross, you should be assessing on a regular basis whether these workers are self-employed for tax purposes or whether they should perhaps be brought within PAYE as an employee.
So, as a business, what should you be considering in advance of the changes to the legislation? Firstly, it is important to identify any worker who provides your business with services, who is not paid via your payroll.
If your business is the ‘end engager’, you will be responsible for assessing the worker’s status and issuing a status determination statement on a regular and ongoing basis. In order to facilitate this, it is important to implement processes and procedures that will assist in identifying and assessing these engagements.
Another layer of complexity with these rules is the distinction between the ‘end engager’ and the ‘fee payer’. In some cases, this might be two different entities. The fee payer is the entity who actually pays the worker’s intermediary and is responsible for operating the payroll, where the worker is considered ‘employed’. Where foreign entities are involved in the supply chain, the obligation will fall to the next UK entity within the chain.
Finally, it is of key importance that you ensure that you keep clear and adequate records to evidence the steps you have taken. HMRC have stated that there will be financial penalties where you are unable to show that your business has considered this legislation.
