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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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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.
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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 and Investigation Services
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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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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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.
Tax Time - Come fly with me
David Moran, Tax Associate Director with Grant Thornton is joined by Ken O’Connell, Tax Manager, with Grant Thornton Ireland.
David discusses the latest developments in the world of tax. Ken shares his insights into the Irish Aviation Industry including how the industry is bouncing back from the Covid-19 pandemic and how it is dealing with the Ukraine crisis.
Extension of 9% VAT rate for the tourism and hospitality sector
On the 10th of May, Minister for Finance Paschal Donohoe TD announced the extension to the 9% VAT rate for the tourism and hospitality sector for a further six months, which will see the rate extended to the 28th of February 2023.
This extension will cover the same goods and services as the original measure; restaurant supplies, tourist accommodation, cinemas, theatres, museums, historic houses, open farms, amusement parks, and hairdressing, as well as certain printed matter such as brochures, leaflets, programmes and catalogues.
Tax treatment of the Pandemic Special Recognition Payment to frontline healthcare workers
Revenue released an eBrief on the 17th of May outlining the tax treatment of the pandemic special recognition payment to be made to frontline healthcare workers.
The Government have committed that any payment under the Pandemic Special Recognition Payment scheme is exempt from income tax, USC and PRSI. Payments up to a maximum of €1,000 per individual will be exempt and the exemption only applies to payments made under the scheme.
Minister Humphreys announces measures to remove barrier on Rent a Room relief facing social welfare recipients
Social Protection Minister Heather Humphreys announced on the 19th of May a series of measures designed to remove barriers facing social welfare customers who choose to accommodate people in their homes.
This new measure will allow social welfare recipients to receive up to €14,000 per annum free from income tax where accommodation is offered. The measure is in line with the Rent-a room relief as provided for under tax legislation.
In practice, this means that a social welfare customer will be able to rent out a room in their home for up to €14,000 per annum and will not see their means-tested social welfare payment impacted, including the Fuel Allowance or the Household Benefits Package.
Minister Humphreys also announced that this measure would be extended to those receiving the Living Alone Allowance noting that where a person living alone rents a room in their home, their Living Alone Allowance will not be impacted.
Revenue publishes their Annual Report
On the 11th of May, Revenue announced the publication of its Annual Report for 2021.
The report reflects an exceptional year for Revenue against the backdrop of a fundamentally changed trading environment between Ireland and Great Britain, and the continued significant economic and social disruptions associated with the Covid-19 pandemic, Revenue collected a record amount of tax and duty in 2021. Revenue also put all the necessary measures in place to effectively administer the changes to the Local Property Tax for the new valuation period which began on the 1st of November last and continued to play a significant role in the delivery of key Government supports to businesses as part of the national response to the Covid-19 pandemic.
Alongside the 2021 Annual Report, Revenue also published a number of other reports, including research reports on Corporation Tax, Income Tax, VAT and VRT; summaries of the 2021 National Random Sampling Programme for marked mineral oil products and the results of the Tobacco Products Research Survey 2021.
Changes to Revenue Code of Practice for Compliance Interventions
As noted on last month’s Podcast, Revenue’s new Code of Practice for Compliance Interventions came into effect on the 1st of May. The revised code outlines Revenue’s approach to compliance interventions and essentially categories their interventions into three levels.
The most notable update is the introduction to Risk Reviews, which are on all floors similar to a Revenue Audit; however, it focuses on a specific issue identified by Revenue.
Practitioners are recommending that a close eye be kept on any Compliance Intervention letter received from Revenue to first identify the Level of the intervention as this may affect any tax mitigation options available and also the date of the letter to ensure that tax payers have sufficient time to prepare for the intervention and / or request an extension to prepare a qualifying disclosure.
Please see below link to see Jim Kelly, Tax Director, discuss the changes in the Code of Practice and what tax payers should be considering.
Taxation of Crypto-asset transactions
On the 27th of April Revenue released an eBrief outlining changes made to their Tax and Duty Manual surrounding the taxation of crypto-asset transactions. The manual has been updated to provide clarity on the tax treatment of transactions involving crypto-assets, including through the provision of worked examples.
Tax and the Aviation sector
Ken O’Connell, Tax Manager with Grant Thornton Ireland, gives tax insights into the Irish Aircraft Leasing sector and how the Covid-19 pandemic and the war in Ukraine have impacted the industry, including:
- Why Ireland is a large hub for aircraft leasing;
- The impact of Covid-19 and the resilience of the industry;
- How the industry is coping with the Ukraine crisis and what lessors are doing;
- Current issues for lessors in a post pandemic world;
- Main considerations for lessors including the importance of ESG along with international and domestic tax developments, etc.
