-
Business Consulting
Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
-
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.
-
Corporate Finance
Our experienced Corporate Finance team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
-
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.
-
Digital Transformation
Our Digital Transformation team work with business leaders to deliver efficient digital strategies and operating models that provide new or enhanced capabilities.
-
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.
-
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.
-
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.
-
Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
-
Outsourced Payroll
Our outsourced payroll teams become your dedicated payroll department, aiming to process your payroll in the most cost effective and compliant manner.
-
Outsourcing
Grant Thornton's reliable and cost-effective outsourcing services help you streamline your business operations by taking care of your workload.
-
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.
-
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.
-
Flexible People Solutions
At Grant Thornton, our Financial Accounting and Advisory Services (FAAS) department have a dedicated team that help finance functions maximise efficiency.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Financial Services Audit
Our Financial Services Audit team offers expertise and knowledge along with a horizontal approach to solving clients’ problems and queries.
-
Financial Services Consulting
We work closely with clients to understand their strategy and benchmark their performance against the very best international standards.
-
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.
-
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.
-
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.
-
Pension Audit
The Grant Thornton Pension Audit team has vast experience in managing schemes and preparing annual reports on them for clients.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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
-
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.
-
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.
-
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.
-
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.
-
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.
-
Tax Incentives
Our Tax Incentives team help clients access vital cash funding and tax incentives to enable them to achieve their growth ambition.
-
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.
-
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.
-
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.

Subscribe to our mailing list
Update your subscriptions for Grant Thornton publications and events.
Agency Services
Under Irish legislation, agency services in respect of the management of UCITS (Undertakings for Collective Investment in Transferable Securities) and other qualifying funds are exempt from VAT. The Finance Bill removes the VAT exemption from agency services relating to the management of certain investment funds, which aligns Irish VAT legislation with the EU VAT Directive.
Management of Special Investment Funds
The Bill clarifies that the management of special investment funds which are subject to Directive 2009/65/EC (the UCITS Directive) and Directive 2011/61/EU (the Alternative Investment Funds Managers Directive) and which are registered in other EU Member States are exempt from VAT, similar to such funds which are regulated by the Central Bank of Ireland.
Fund managers of these entities should review their VAT recovery position given the fact that the VAT exemption may result in restricted VAT recovery for the fund manager in question.
Section 110 companies
Irish VAT legislation currently provides that the management of an undertaking that is a qualifying company for the purposes of section 110 of the Taxes Consolidation Act 1997 is VAT exempt. From 1 March 2023, the VAT exemption for fund management will exclude qualifying companies under section 110, which hold qualifying assets that consist of plant and machinery.
By way of example, the management of a section 110 company that holds aircraft will be subject to VAT. Section 110 companies that hold only aircraft and are engaged in fully VATable activities will be able to claim an input VAT credit incurred on any management fees. However, if the section 110 company also holds any financial assets, VAT recovery will be restricted and this could give rise to a portion of irrecoverable VAT.
If you are involved with a management company that provides VAT exempt management services to a section 110 company, it is imperative to seek advice as to whether the VAT exemption is still appropriate. This may create additional VAT recovery opportunities.
VAT Deduction – Costs relating to the issue of new stocks, new shares, new debentures or new securities for the purpose of raising capital
A technical amendment has been made in respect of obtaining a VAT deduction for costs relating to the issue of new stocks, new shares, new debentures or new securities for the purpose of raising capital. A VAT deduction is now available under general VAT recovery provisions.
Traders in this space should review their activities to determine if additional VAT recovery is available in respect of costs.
Cost Sharing Groups
The VAT exemption in respect of cost sharing groups has been extended to include groups whose members also carry out activities which are subject to VAT, in line with recent EU case-law. It should be noted that there are other conditions contained in legislation for these groups, which remain unchanged.
Read our Finance Bill 2022 Financial Services Tax bulletin for more information on the measures in the Bill that relate to the Financial Services Industry.
Other VAT changes
VAT Registrations
In a change to VAT registrations, where a trader registers for Irish VAT in respect of a “domestic only” registration but subsequently engages in intra-Community trade with other EU Member States, the trader will be required to notify Revenue within 30 days. This provision applies to goods only.
VAT registered traders who obtained “domestic only” registrations should monitor activity closely to ensure that they promptly notify Revenue of any intra-Community trade in goods. Traders whom already have an intra-EU VAT registration will not need to notify Revenue in respect of the commencement of intra-Community trade.
Information Requests
Legislation is to be amended to provide that Revenue may request information from financial institutions where another EU Member State, under EU Council Regulations, has requested that information. A penalty may be imposed where such a request is not complied with. Financial institutions should bear this in mind if receiving such requests from the Irish Revenue.
VAT rates
The Bill has provides for numerous changes to VAT rates on various products, as outlined below.
VAT at the 0% rate, will apply to the below products, with effect from 1 January 2023;
- newspapers, including e-newspapers,
- menstrual cups, menstrual pants and menstrual sponges,
- non-oral hormone replacement therapy medicine and non-oral nicotine replacement therapy medicine, and
- automated external defibrillators, including parts or accessories suitable for use solely or principally with an automated external defibrillator.
In an adjustment to food and drink VAT rates, the 0% rate will be removed from products which are classified as “preparations and extracts derived from milk”. Suppliers of milk or milk related products should review their position to determine if they will be within the scope to the standard rate of VAT, rather than the 0% rate.
The temporary 9% VAT rate applying to the supply of electricity and gas has been extended to 28 February 2023. The temporary 9% VAT rate applying to the hospitality industry was previously extended to 28 February 2023; there is no provision to further extend this rate.
The updated rate of 5% for the flat rate farmer addition has been confirmed as coming into effect from 1 January 2023. Changes to this rate are reflective of macro-economic data available to the department.
The VAT exemption in respect of medical care services will be amended to clarify that the persons who may supply exempt medical care services under this provision are registered medical professionals and registered members of designated health and social care professions as provided for by the Department of Health.
Customs & Excise
Numerous customs and excise changes were announced in as part of Budget 2023, with the Bill providing the legislation for these changes. Some of the changes were brought in on budget night. In summary, the key changes which have been introduced are outlined below:
- A 50c increase to the price of a package of 20 cigarettes (pro-rated for other tobacco products)
- The extension of the existing Mineral Oil Tax reductions of 21 cent per litre on petrol, 16 cent on diesel and 5 cent on Marked Gas Oil. These reductions were first introduced in March 2022 and were due to be reversed from 12 October 2022. The reversal of these reductions will now be implemented from 1 March 2023.
- Reduction on the excise fees on the application of a late night special exemption order (SEO) from €110 to €55. This is applicable to SEO’s granted from 28 September 2022.
- In relation to betting duty, where a person places a free bet, it is taxable at the value of the bet.
Alcohol
- In accordance with the EU Alcohol Directive, up to 50% excise relief will apply to cider and pear cider produced by small independent producers. This is provided for in the Bill as applying to cider and perry (also known as pear cider) with a volume of between 2.8% and 8.5%. The relief will apply up to a maximum of 8,000 hectolitres in a calendar year.
- The production threshold for eligibility to claim relief from alcohol products tax on beer brewed in small breweries will increase to 75,000 hectolitres per annum, the limit on the amount of relief granted remains unchanged at up to 30,000 hectolitres per annum. Detailed terms and conditions are set out within the Bill.
- Self-certification requirements applying to small independent producers (within the State) of beer, wine, other fermented beverages, intermediate products and ethyl alcohol who wish to avail of reduced rates in other Member States, have been clarified in detail.
Contact us
For additional information, contact a member of the Indirect Tax team or your usual Grant Thornton contact.