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IFRS Insights into IFRS 3 - Recognition principle
Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business. This article explains the recognition principles set out in IFRS 3.
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FAAS Business Process Outsourcing
At Grant Thornton we meet the challenges of our clients. Our Business Process Outsourcing (BPO) model is tailored for growing multinational companies to support the transition and transformation of finance functions and business growth.
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Podcast Going International - Isle of Man
In this episode of the Going International podcast, Cristina Santos talks to Amanda Cowley, Head of Practice in Isle of Man, about tax and compliance aspects of doing business in this jurisdiction, such as many IOM entities being affected by the UK Register of Overseas Entities requirements with upcoming deadlines of 31 January.
Financial Services Home
Financial Services Advisory EBA Release 2023 Stress Test
2023 adverse scenario is the most severely used in the EU wide stress up to now. The adverse scenario assumes a hypothetical worsening of geopolitical tensions leading to a severe decline in GDP with persistent inflation and high interest rates. The adverse scenario is designed to ensure a significant severity of various macro-economic and financial shocks across all EU countries and, for the first time, depicts a breakdown of the shocks (on real gross value added) by economic sectors.
Tax and legal Home
Tax Incentives Rent Tax Credit
A new rent tax credit was introduced in Budget 2023. This new tax credit is available for the tax years 2022 to 2025 inclusive – so take note, a back claim can be made for the year 2022!  Key details pertaining to the new credit and how to claim as a PAYE employee are outlined in this article.
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    Tax Finance Act 2022 01 Feb 2023
    Finance Act 2022 was signed into law on 15 December 2022 and provides the legislative basis for many of the tax measures announced as part of Budget 2023 and
    Tax Debt Warehousing Scheme Self-Review Deadline - 31 January 2023 14 Dec 2022
    All taxpayers who took part in the Debt Warehousing Scheme (“DWS”) as well as those for whom the DWS was automatically made available (taxpayers in Revenue’s
    Tax Updates to the Temporary Business Energy Support Scheme (“TBESS”) 08 Dec 2022
    There have been a number of updates to the Temporary Business Energy Support Scheme (“TBESS”) in recent weeks. The updates mainly concern the administration
    Tax Temporary Business Energy Support Scheme (“TBESS”) and other supports 22 Nov 2022
    The Irish Government has introduced the Temporary Business Energy Support Scheme (“TBESS”) to provide support to businesses with their energy costs. This
    Tax Finance Bill 2022 – Ireland’s Corporate Tax Regime 02 Nov 2022
    Finance Bill 2022 (“the Bill”) was published on 20 October and includes the legislative provisions implementing the tax measures announced as part of Budget
    Tax Finance Bill 2022 - Employment Tax Measures 26 Oct 2022
    Finance Bill 2022 (the Bill) contains the legislative provisions to implement many of the Budget 2023 announcements as well as a number of other measures not
    Tax Finance Bill 2022 20 Oct 2022
    The Finance Bill 2022 was announced on 20th October 2022, see the main highlights and takeaways.
    Tax Debt Warehousing Scheme and Self-review of tax affairs 17 Oct 2022
    This correspondence, deemed a Level 1 Compliance Intervention, offers all eligible taxpayers the opportunity to self-review their tax returns for Period 1
    Employer Solutions Employer Tax Updates: What you need to know 22 Sep 2022
    The Employment Wage Subsidy Scheme (EWSS) self-review 30 September deadline is fast approaching. In addition, if you are an employer operating share based
    Tax Commission on Taxation and Welfare Report 2022 16 Sep 2022
    The Commission on Taxation and Welfare (the Commission), a group of members with backgrounds in tax, social policy, economics, public administration, business,
    Employer Solutions Employment Wage Subsidy Scheme self-review deadline fast approaching 15 Sep 2022
    What does it mean? This means that if an employer identifies an invalid EWSS claim they must correct payroll records and repay any relevant subsidies along
    Tax New Employer Share Awards return 02 Sep 2021
    Revenue confirmed that the new electronic form, known as the Employer’s Share Awards (ESA) return will be available during June 2021. This new electronic form
    TAX Reporting deadline for Financial Institutions 03 Jun 2021
    Certain Financial Institutions (‘FIs’) in Ireland are obliged to file both Foreign Account Tax Compliance Act (‘FATCA’) and Common Reporting Standard (‘CRS’)
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