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Business Consulting
Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
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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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Deal Advisory
Our experienced Deal Advisory team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
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Digital Risk
Our Digital Risk team offer advisory and consulting solutions that give our clients peace of mind, clear value for money and an enhanced ability to react to cyber attacks.
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Digital Transformation
Our Digital Transformation team work with business leaders to deliver efficient digital strategies and operating models that provide new or enhanced capabilities.
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Forensic Accounting
Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
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Objectives and Key Results (OKRs)
Objectives and Key Results (OKRs) is a goal setting framework that helps teams, individuals and organisations set and track measurable goals.
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People and Change Consulting
Our People & Change Consulting team help clients adapt to the changing nature of the workforce - how they attract, retain, engage, develop, deploy and lead their people.
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Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
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Outsourced Payroll
Our outsourced payroll teams become your dedicated payroll department, aiming to process your payroll in the most cost effective and compliant manner.
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Outsourcing
Grant Thornton's reliable and cost-effective outsourcing services help you streamline your business operations by taking care of your workload.
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Audit and Accounting Advisory
Our Audit and Accounting Advisory team takes the headache out of multi-jurisdictional audit compliance requirements as well as technical compliance with accounting standards and legislation for clients.
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Business Process Outsourcing
Grant Thornton’s Business Process Outsourcing (BPO) team serves the needs of rapidly growing mid-tier multinationals operating out of Ireland and other hubs through the provision of services across the full range of finance functions.
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Flexible People Solutions
At Grant Thornton, our Financial Accounting and Advisory Services (FAAS) department have a dedicated team that help finance functions maximise efficiency.
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Global Compliance & Reporting Solutions
Our Global Compliance & Reporting Solutions service offering covers a full suite of compliance services including financial statement preparation and related filings, dual bookkeeping, direct and indirect tax, statistical returns and payroll.
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Global Payroll Solutions
At Grant Thornton, we meet the challenges of our clients. Our Global payroll compliance service offering is tailored to meet all your payroll requirements through a single point of contact.
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Actuarial
Our Actuarial team provides a comprehensive range of services to our insurance clients. From regulatory support for compliance to delivering specialist expertise in insurance & reinsurance.
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Data Analytics
Our team helps to unlock the potential of data analytics within your organisation, allowing you to be more innovative, efficient and customer-centric than ever before.
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Digital and Fintech
Our FinTech team are experts in technology and financial services and have a long track record of helping companies achieve sustained advantage.
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Digital Risk
Our Digital Risk team offer advisory and consulting solutions that give our clients peace of mind, clear value for money and an enhanced ability to react to cyber attacks.
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Financial Services Audit
Our Financial Services Audit team offers expertise and knowledge along with a horizontal approach to solving clients’ problems and queries.
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Financial Services Consulting
We work closely with clients to understand their strategy and benchmark their performance against the very best international standards.
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Financial Services Tax
Grant Thornton Ireland has a team of over 100 tax professionals providing advice to a diverse range of clients in the Financial Services sector.
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FS Business Risk Services
Our FS Business Risk team have real experience of the financial services sector, through working within regulatory bodies or holding leadership positions in Risk, Compliance and Internal Audit functions.
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Grant Thornton Pensioneer Trustees Limited
The Grant Thornton Pensioneer Trustee service can offer business owners, directors and employees the opportunity to manage their own retirement choices with full transparency.
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Pension Audit
The Grant Thornton Pension Audit team has vast experience in managing schemes and preparing annual reports on them for clients.
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Prudential Risk
Our industry leading Prudential Risk team works with clients on a range of areas including regulatory reporting, regulatory authorisations, on-site investigations and data quality assurance.
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Quantitative Risk
Our Quantitative Risk team members bring a wide range of experience with many of them having backgrounds in banking, investment markets, regulation, professional practice, and academia.
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Sustainability desk
We recognise that businesses are operating at different levels of maturity when it comes to sustainability, and pride ourselves on working with our clients to develop bespoke solutions to their needs.
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Financial Accounting and Advisory Services (FAAS)
Our Financial Accounting and Advisory Services (FAAS) team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
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Grant Thornton Financial Counselling
Grant Thornton Financial Counselling (GTFC) comprises a team of highly qualified professionals who offer financial advice to individuals and corporates across a range of areas including savings, investments, pension planning, and inheritance and succession planning.
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Inheritance Planning
Our services on Inheritance Planning mirror those on Succession Planning whereby the foundations of the plan are derived from meaningful conversations with those that wish to pass on or protect their asset base.
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Personal Tax Compliance & Planning
The Grant Thornton Personal Tax team helps clients remain compliant and up to date with all of their tax obligations whilst ensuring that they are solutions driven and manage their finances in the most tax efficient way possible.
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Succession Planning
We have extensive experience guiding our clients successfully through the succession process. This involves advice on both the qualitative and quantitative aspects of the process. While there is a business at the core of each succession plan we advise on, it is all predicated on understanding the people and their respective wishes.
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Company Secretarial
Grant Thornton’s Company Secretarial team contains qualified Company Secretaries. Clients are assured that they will meet all of their obligations under the Companies Acts and other relevant legislation and regulations.
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Corporation Tax
Our Corporation Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic, international, and financial services clients. We place a strong emphasis on direct service to clients and we pride ourselves on the close personal relationships we build and the deep understanding of their businesses we develop
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Employer Solutions
Attracting and retaining key talent, managing employment costs and ensuring compliance with complex tax rules presents one of the most serious challenges today for many businesses. You need to ensure that your business complies with increasingly complex tax legislation and can adapt to updated Revenue guidance in a cost-effective way and we are here to help.
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Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
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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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International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
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Tax Advisory
The Grant Thornton Tax Advisory team blends commercial experience and knowledge with tax expertise to advise clients on the full range of transactions including sales, mergers, restructurings and succession planning.
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Tax Incentives
Our Tax Incentives team help clients access vital cash funding and tax incentives to enable them to achieve their growth ambition.
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Transfer Pricing
Our Transfer Pricing team has extensive experience across all industries. They can assist clients in overcoming challenges and deliver sector specific, sustainable solutions.
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VAT
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
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Real Estate Tax Advisory
The Irish real estate market has experienced considerable change in recent years. This has resulted in the emergence of a number of challenges for investors, but has also brought about significant opportunities. With this in mind, taxation is now more than ever one of the key factors for real estate investors when appraising investments, financing methods and development structuring.
Budget 2021: re-building the future
Budget 2021 was framed amid extraordinary circumstances of an uncertain economic and societal future. The budget seeks to manage the impacts of the Covid-19 pandemic and Brexit, and also to make progress on the three “core missions for this government” of health, housing and climate. The budget framework was underpinned by the continued presence of Covid-19 and the prospect of a no-trade deal between the EU and the UK.
Budget 2021 webinar
Enhancements of Covid-19 supports
Budget 2021 develops some of the tax measures first introduced in the July Jobs Stimulus Package to support businesses and employment.
The Employment Wage Subsidy Scheme is to be extended to the end of 2021.
The Debt Warehousing Scheme is due to be expanded to include the balance of income tax for 2019 and 2020 preliminary income tax liabilities. Repayments of Temporary Wage Subsidy Scheme funds owed by employers are also to be included in the scheme.
A new Covid Restrictions Support Scheme is to assist businesses whose trade has been significantly impacted or temporarily closed as a result of Level 3 restrictions or higher, such as accommodation, foods and entertainment. It is due to come into effect from midnight and the first payments will commence mid-November. The finer details on the scheme are outstanding. Terms and conditions will apply.
Improved Income Tax credits
To reflect the increase in the minimum wage from January next, the higher rate of Employer PRSI will be charged on weekly income of €398 or more. Also the second USC band will be increased to €20,687.
The self-employed Earned Income Credit will increase by €150 to €1,650 and the Dependent Relative Tax Credit will increase by €175 to €245.
The Minister provided welcome clarification on expenses that employees working from home can claim in respect of utility expenses, which now include broadband expenses.
Corporation Tax measures
The film tax credit and in particular, the additional relief (of 5%) for particular regions, has been extended by a further year to 31 December 2023.
For Intellectual Property (IP) acquired from tomorrow, 14 October, a balancing charge may arise on subsequent disposals under the capital allowance rules. Prior to this change, there was no such charge to the extent the IP was held for over 5 years.
The date of implementation of new interest limitation rules, as required by the EU Anti-Tax Avoidance Directive, has been deferred until Finance Bill 2021, along with anti-reverse-hybrid rules.
A technical amendment to the ATAD-compliant Exit Tax rules to clarify the operation of interest on instalment payments will be introduced with effect from midnight tonight.
Innovation focused measures
Knowledge Development Box (KDB) is an incentive whereby profits arising from patented inventions, copyrighted software and certain other specific asset classes can effectively be taxed at a reduced rate of 6.25%. It will be extended by 2 years to 2022.
A tax credit is due to be introduced from January 2022 for the digital gaming sector but details on how this will operate have not been provided.
Housing supports continued
The temporary enhancements to the Help to Buy incentive provided in the July Stimulus have been extended to December 2021. These enhancements increase relief from 5% of the property value with a maximum cap of €20,000, to 10% with a cap of €30,000.
Consanguinity relief which provides a reduced 1% stamp duty rate on transfers of agricultural land between relatives is to be extended to December 2023. Farm consolidation relief and the residential development stamp duty refund scheme are both to be extended to December 2022.
Climate action getting real
Carbon Tax will increase by €7.50 per tonne of CO2. The resulting increases of €1.47 for 60 litres of motor diesel and €1.28 for 60 litres of petrol take effect from midnight tonight, while the increase for household fuels is delayed until 1 May 2021.
New Vehicle Registration Tax (VRT) and motor tax rates from 1 January 2021 to align with international standards. Used imports will have their CO2 values uplifted under this new procedure to ensure a level playing field with new cars.
Due to the lower VRT rates which will apply to lower emission vehicles the existing reliefs for hybrids and plug-in hybrids will expire. The €5,000 relief for battery electric vehicles is tapered where the OMSP exceeds €40,000, with no relief where the value is over €50,000.
The accelerated capital allowances (100% claim in year 1) for SEAI approved energy-efficient equipment is extended for 3 years to 31 December 2023. The current list is to be re-assessed to ensure the scheme remains up-to-date with the latest efficiency standards.
Hospitality and tourism sector boost
In an attempt to assist the beleaguered hospitality and accommodation sector the reduced VAT rate of 9% will be reintroduced from 1 November 2020 to 31 December 2021.
Anti-avoidance
A new anti-avoidance measure will take effect from 14 October 2020 to combat the creation of capital losses on the disposal of debt derived from currency speculation.
SME and Agriculture supports
Despite speculation, CGT Entrepreneurs Relief has not been significantly altered. Previously, to qualify for relief the shareholder must hold 5% of the ordinary share capital of a qualifying company for a continuous period of three years in the previous five. A continuous period of any three years now qualifies. The loosening of this restriction will allow for equity expansion without fear of jeopardising the relief.
Capital Acquisitions Tax and Capital Gains Tax rates remain unchanged.
The flat-rate farmer’s VAT rate is to increase from 5.4% to 5.6% with effect from 1 January 2021.
Fast facts
CRSS Scheme
New CRSS Scheme to assist businesses affected by COVID-19 (max. weekly payment of €5000)
Remote Working
Up to €3.20 per day may be paid to employees for expenses without BIK arising
Debt Warehousing Scheme
Debt Warehousing Scheme extended to include income tax liabilities
Hospitality and Tourism
Reduced 9% VAT rate from 1 Nov to Dec 2021
Carbon Tax
€7.50 increase in carbon tax rate
