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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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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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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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Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
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Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
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Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
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Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
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Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
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Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
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Corporate Tax
Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
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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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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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Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
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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.
With all the adverse comment regarding the impact of Brexit on Ireland, it's nice to get some positive economic data in the form of exchequer figures for the first half of the year. Today's figures show that tax receipts for the first half of the year are in good shape, with corporation tax and excise receipts particularly strong. The figures also show stronger income tax and VAT receipts, reflecting greater disposable income in the economy.
Corporation tax
June itself is an important month for corporation tax and the figures are impressive, with receipts for this tax head ahead of target and ahead of the same month last year. A possible explanation for the strong corporation tax receipts is companies moving their valuable intellectual property and related profits away from tax havens to Ireland. This is a trend we expect to see continue as groups reorganise in light of the OECD's BEPS anti-tax avoidance drive, with a greater alignment of taxable profits and real substance. This is a significant opportunity for Ireland.
Proposed UK tax cut impact
Increased foreign investment in Ireland is one of the few potential positives for Ireland arising from Brexit. Perhaps not surprisingly, the UK has sought to make its own offering more attractive with an announcement to lower its rate below 15%, thereby competing directly with our 12.5% rate. Surveys in the past have shown that companies are attracted to Ireland by our low corporation tax rate.
However, they stay here because of our access to EU markets. Thus, notwithstanding the proposed UK tax cut, Ireland's attentiveness as a better proposition for key forgiven direct investment should remain intact post Brexit, particularly given the uncertainty surrounding negotiations on future EU market access for the UK.