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Audit and Assurance Home
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.
Corporate accounting and outsourcing Home
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.
Financial Accounting and Advisory Services (FAAS) Home
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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        • A Summary of Food for Thought - November 2019
        • A very positive funding climate
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        • Blockchain and crypto assets – EIOPA report on relevance to the insurance sector
        • Brexit: what happens next?
          • Brexit – An opportunity for Ireland’s Prepared Consumer Foods Industry
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        • Should I stay or should I go: an approach to tackling the great resignation
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        • Stock markets falling: What do I do and who is at fault?
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        • The Technology response to COVID-19’
        • Thresholds and Criteria for large MiFID Firms: the new horizon
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        • Accounting Advisory
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        • AML Bulletin – Updated Central Bank of Ireland AML/CFT Guidelines for 2021
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        • An Teampall Geal - Issue 1
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        • Claims process opens for Covid Restrictions Support Scheme
        • Clarifications to IFRS 15 Revenue
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        • Continue to trade or restructure – Directors responsibilities
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        • Countercyclical Capital Buffer Rate Announcement
        • Court of Justice of the European Union - GE Aircraft Engine Services Ltd
        • Court of Justice of the European Union –Dong Yang Electronics spZ.o.o
        • COVID-19 accounting considerations for CFOs
        • COVID-19 accounting considerations for CFOs: Government grants
        • COVID-19 accounting for lease modifications
        • Covid-19 Business Support Measures Update - June 2021
        • Covid-19 plus Brexit equals uncertain 2021
        • Covid-19 Tax & Financial update
        • COVID-19: Considerations when preparing financial statements
        • COVID–19: EMEA VAT specific measures
        • COVID-19: Financial Reporting and Disclosures
        • COVID-19: global mobility and employment tax supporting measures in Ireland for 2021
        • DAC8 is coming
        • DAC8 is still coming, but not quite as close
        • Data protection as a service
        • Data Protection Impact Assessments (DPIAs)
        • Dealing with dormant companies
        • DEBRA – Debt-Equity Bias Reduction Allowance
        • Debt Warehousing income tax liabilities
        • Debt Warehousing Scheme and Self-review of tax affairs
        • Debt Warehousing Scheme Self-Review Deadline - 31 January 2023
        • Delegated Acts incorporating sustainability issues and considerations
        • Directors' Compliance Statement: Are you up to date?
        • Disclosure and Reporting Requirements: What to Expect under the IFR & IFD?
        • Do companies take cybersecurity seriously enough?
        • Does your VAT 56B Authorisation Certificate require renewal?
        • DORA (Digital Operational Resilience Act)
        • EBA Consultation Paper on Draft ITS Pillar 3 Disclosures on ESG Risks
        • EBA Discussion Paper
        • EBA Internal Governance Guidelines
        • EBA Release 2023 Stress Test
        • EBA Suitability of Management Body Guidelines
        • Effective boards in not-for-profit organisations
        • Employer Tax Updates: What you need to know
        • Employment Wage Subsidy Scheme
        • Employment Wage Subsidy Scheme self-review deadline fast approaching
        • Entrepreneur relief
        • ESMA Guidelines on performance fees in UCITS and certain types of AIFs
        • ESMA publishes remuneration guidelines
        • EU Money Market Reform Regulation
        • European Commission crackdown on EU “shell” entities
        • EWSS Eligibility from 1 July 2021 - Eligibility Review Form (ERF)
        • Family partnerships
        • FAQ - Liquidation of Drumcondra and District Credit Union
        • FASB: Updates from recent meeting
        • Final guidelines on common procedures and methodologies for the SREP for investment firms
        • Finance Bill – 7 Year Relief Capital Gains Tax
        • Finance Bill 2018 – Indirect Taxes
        • Finance Bill 2021
        • Finance Bill 2021 - Interest Limitation Rules
        • Finance Bill 2021 - Real Estate Perspective
        • Finance Bill 2022 - Employment Tax Measures
        • Finance Bill 2022 - Financial Services Industry
        • Finance Bill 2022 – Ireland’s Corporate Tax Regime
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        • Finance Bill 2022 - Real Estate Sector
        • Finance functions reviewed
        • Financial Reporting for Investment Funds in a global reporting environment
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        • Fitness and Probity Interviews
        • Flowering shares
        • Food for thought - May 2019
        • Foreign Earnings Deduction (FED)
        • Forensic and investigation - Our services
        • FRED 62 – Draft amendments to FRS 102
        • FRS 100–102: how is it for you?
        • Future of Digital Tax – a step closer?
        • G7 endorses move towards mandatory TCFD Recommendations
        • GDPR for charities
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        • Going Concern - Responsibilities of Management and directors
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        • How SMEs may be impacted by Finance Act 2018
        • How will Budget 2021 affect you and your family?
        • How will Budget 2022 affect you and your family?
        • How will Budget 2023 affect you and your family?
        • IASB amends IFRS 16 to provide relief during COVID-19
        • IASB release major new standard on revenue recognition
        • IASB issues a revised ‘Conceptual Framework for Financial Reporting’
        • IASB Issues Classification of Liabilities as Current or Non-Current
        • IASB issues four narrow scope amendments to IFRS Standards
        • IASB issues IFRS Practice Statement 2
        • IASB issues Interest Rate Benchmark Reform
        • IASB issues Long-term Interests in Associates and Joint Ventures
        • IASB issues Plan Amendment, Curtailment or Settlement
        • IASB issues Prepayment Features with Negative Compensation
        • IASB proposes major changes to the primary statements
        • IASB proposes relief for rent concessions during the COVID-19 pandemic
        • IFRS - Argentina expected to be declared hyper-inflationary
        • IFRS 10 and IAS 28 - changes postponed
        • IFRS 15 - Prepare for revenue recognition standard
        • IFRS 15 New global revenue standard - Manufacturing focus
        • IFRS 15 New global revenue standard - Retail focus
        • IFRS 15 New global revenue standard - Software and Cloud services focus
        • IFRS 16 - Prepare for lease accounting changes
        • IFRS 17 Insurance Contracts – State of play
        • IFRS 9 - Prepare for Financial Instruments standard changes
        • IFRS 9 ‘Financial Instruments’ is now complete
        • IFRS Alert - Uncertainty over Income Tax Treatments
        • IFRS Alert 4 - IASB issues Definition of Material
        • IFRS alert: Applying IFRS 9 with IFRS 4
        • IFRS Example Consolidated Financial Statements 2018
        • IFRS News - analysis on revenue recognition standards
        • IFRS News - IFRS 14 will reduce barriers to adoption
        • IFRS News - new global revenue standard is here at last
        • IFRS News - new requirements on hedge accounting
        • IFRS News - Quarter 1
        • IFRS News - Quarter 2
        • IFRS News - Quarter 3 2016
        • IFRS News - Quarter 4
        • IFRS News Quarter 4 2018
        • IFRS News Quarter 4 2019
        • IFRS Viewpoint - Accounting for client money
        • IFRS: Inventory discounts and rebates
        • IFRS: Common control business combinations
        • IFRS Viewpoint
        • IFRS: Amendments to IAS 12
        • IFRS: Annual Improvements to IFRSs 2014-2016 Cycle
        • IFRS: Disclosure Initiative (Amendments to IAS 7)
        • IFRS: IASB releases new Standard on leases
        • IFRS: IFRIC 22 Foreign Currency Transactions and Advance Consideration
        • IFRS: Transfers of Investment Property
        • Impact of International Accountability Regimes
        • Important updates for Cayman Islands Investment Funds
        • Indirect tax for the construction industry
        • Indirect tax update: Financial services
        • Insights into IFRS 16
        • Insights into IFRS 16: Understanding the discount rate
        • Internal audit effectiveness reviews
        • Internal audit services
        • Interview with Sasha Kerins on Gender Diversity
        • Introduction of Brexit Omnibus Bill
        • Investing in Ireland: A dynamic, knowledge-based economy - 2022
        • Investing in Ireland
        • Investment in Diversity and Inclusion Pays Dividends
        • Ireland sees progress on D&I despite pandemic
        • Ireland’s ICAV
        • Ireland’s Interest Limitation Rules
        • Ireland’s tax concession for Ukrainian citizens working remotely in Ireland for Ukrainian employers
        • Irish Collective Asset management Vehicles Act (ICAV) - 2015
        • Irish Country-by-Country reporting
        • Irish Government publishes Investment Limited Partnership (Amendment) Bill 2020
        • Irish Investment Limited Partnership (ILP)
        • Irish Real Estate Fund (“IREF”) Returns
        • Irish Transfer Pricing Documentation – What do you need to know?
        • Irish Transfer Pricing Documentation – What do you need to know?
        • Irish Transfer Pricing Guide
        • Irish transfer pricing update
        • iXBRL
        • July Job Stimulus - main tax measures to support companies
        • Knowledge Development Box
        • Leadership: Looking in to see out
        • Limited time to reclaim UK VAT incurred in 2020
        • Liquidating an Irish Collective Asset management Vehicle (ICAV)
        • Liquidity Requirements: what to expect under the IFR & IFD?
        • Liquidity Risk Requirements for UCITS and AIFs - what is required?
        • Local Property Tax – 2022 Update
        • Market Distress - Time to refinance and restructure
        • Maximising your pension contributions: more than just tax relief
        • MOSS & Brexit
        • Multilateral Convention (MLI)
        • Navigating BEPS: Managing tax risk
        • New Code of Practice for Revenue Compliance Interventions
        • New EU disclosure requirements for cross- border arrangements
        • New income tax measures to help sole traders
        • Interest Limitation Ratio – Feedback Statement Published by Finance Minister
        • New rules where R&D grant provided
        • New share scheme for SME’s Key Employee Engagement Programme
        • New tax landscape for Irish property funds
        • Not For Profit (NFP)
        • Not-for-profit organisations - VAT considerations
        • NPL Coverage Rules
        • Potential opportunities of BREXIT: onboarding to Ireland
        • Organisational Structure a Platform or Restriction?
        • PAYE modernisation
        • PAYE Modernisation FAQ
        • PAYE Modernisation: What it means for the employer
        • Payroll services and payroll management
        • Pension Transfer
        • People and Change Consulting - Board effectiveness
        • People and Change Consulting - Change management
        • People and Change Consulting - Leadership development
        • People and Change Consulting - Learning and Development
        • People and Change Consulting - Performance Management
        • People and Change Consulting - Strategic workforce planning
        • People and Change Consulting - The HRD room
        • People and Change Consulting: Stakeholder engagement and communications
        • Personal Public Service (PPS) number
        • Potential consequences of the US tax reform for IFRS preparers
        • Practical considerations for Non-Resident Corporate Landlords - 2022 Tax Changes
        • Preparing a business plan
        • Private Client Seminar - Cork
        • Private Client Seminar Galway
        • Private Client Seminar slides
        • Private companies simplified hedge accounting
        • Property tax incentives
        • Proposed New Cybersecurity Directive (NIS 2.0)
        • Prudential Consolidation and consolidated K-Factors: What to Expect under the IFR & IFD?
        • PSD 3 Review and Consultation
        • Publication disclosure requirements
        • Quality of Earnings solution for lending during COVID-19
        • Quarterly indirect tax update - September 2018
        • Quarterly indirect tax update - June 2018
        • Quarterly indirect tax update - April 2020
        • Quarterly indirect tax update - January 2019
        • Quarterly indirect tax update - January 2020
        • Real Estate Investment Funds
        • Recovery Planning
        • Recovery planning requirement for (re)insurance undertakings
        • Reduced rate of interest on outstanding tax debts
        • Reform of digital tax rules: where are we now?
        • Registration opened for the Employment Wage Subsidy Scheme
        • Remote Working Abroad – Irish Tax Considerations
        • Rent Tax Credit
        • Reporting the impact of COVID-19 on your business
        • Research and Development tax credit
        • Research and Development Tax Relief – latest updates from Revenue
        • Residential Zoned Land Tax (“RZLT”)
        • Restricted share schemes
        • Retirement planning — facing up to reality
        • Review of Irish corporate tax code
        • Revised Revenue Guidelines
        • Risk is back on the agenda
        • Robotic Processing Automation (RPA)
        • SCARP - The Company and Director’s Perspective
        • SCARP - The Creditor’s Perspective
        • Section 110 companies - New notification requirements
        • Share Scheme Reporting: Deadline – 31 March 2023
        • Share schemes
        • Share schemes reporting deadline
        • Short- term Business Visitors: Updated Revenue Guidance
        • Short-term business visitors: New Irish PAYE rules one year on
        • Small Company Administrative Rescue Process
        • Special Assignee Relief Programme (SARP) - 2020 updates
        • Special Assignee Relief Programme (SARP) – 2022 updates
        • Special Assignee Relief Programme (SARP): Employer Year End Obligations
        • SSM Supervisory Priorities for 2021: what to expect
        • Standard VAT rate reverts to 23% on 1 March 2021
        • Statutory Annual VAT adjustment
        • Stay and Spend Scheme
        • Strike off - Irish registered companies
        • Supervisory Expectations of Regulated Firms Regarding Climate and Other ESG Issues
        • Sustainability risk-related legislative update impacting Alternative Investment Fund Managers
        • Sustainability risk-related legislative updates impacting MiFID Investment Firms
        • Sustainability risk-related legislative updates impacting UCITS Management Companies
        • SWIFT assurance and security services
        • Tax Facts 2021
        • Tax risks and opportunities
        • Technology risk & operational resilience
        • Temporary Business Energy Support Scheme (“TBESS”) and other supports
        • Temporary Wage Subsidy Scheme (TWSS) Reconciliation Process – Stage 2
        • Temporary Wage Subsidy Scheme (TWSS) tax liabilities
        • Temporary Wage Subsidy Scheme (TWSS) tax liabilities – BIK Concession Update
        • Temporary Wage Subsidy Scheme Reconciliation Process
        • Temporary Wage Subsidy Scheme: Employer Compliance Check
        • Ten point guide to selling your business
        • The Central Bank (Individual Accountability Framework) Bill July 2022
        • The Companies (Corporate Enforcement Authority) Act 2021
        • The Companies Act 2014 - LTD or DAC
        • The Companies Act 2014 - Overview
        • The Companies Act 2014: Accounting miscellaneous
        • The Companies Act 2014: Audit committees
        • The Companies Act 2014: Directors' duties
        • The Companies Act 2014: Directors’ loans and advances
        • The Companies Act 2014: Exemption from disclosing your residential address
        • The Companies Act 2014: Filing thresholds and audit exemptions
        • The Companies Act 2014: Group consolidated accounts
        • The Companies Act: Companies Limited by Guarantee
        • The devil is in the detail with Insurance
        • The future of work – a job may not be for life! Could the Not for Profit sector benefit from this?
        • The Grant Thornton Resilience Wheel Framework
        • The IASB defers the effective date of the IAS 1 Amendments
        • The Individual Accountability Framework - An Overview
        • The Individual Accountability Framework - Key Decisions before Implementing IAF
        • The Individual Accountability Framework - Key Takeaways from Pre-Legislative Scrutiny
        • The Individual Accountability Framework – release of the Department of Finance’s Regulatory Impact Analysis
        • The integration of sustainability factors into the product governance obligations for Investment Firms
        • The integration of sustainability risks in the governance of insurance and reinsurance undertakings
        • The new appeals process and opportunities for taxpayers
        • The People-Centric Approach to Change for Charities
        • The Sugar Sweetened Drinks Tax – are you impacted?
        • The 'What Now' of Business Risk
        • TMT industry: Fully charged or on standby?
        • Transfer Pricing Correlative Adjustments
        • Understanding the impact of COVID-19 on your 2020 deferred tax provision
        • Updated Revenue guidance on PAYE Exclusion Orders and bonus payments (August 2021).
        • Updates to the Temporary Business Energy Support Scheme (“TBESS”)
        • VAT Alert - Deduction
        • VAT Alert: Application of VAT MOSS from 1 July 2021
        • VAT and Customs – Brexit essentials
        • VAT registration and filing obligations for a business seeking to locate to Ireland
        • VAT return of trading details
        • VAT treatment of education and vocational training
        • VAT treatment of payment services
        • Virtual Asset Service Providers (VASP) - CBI Bulletin
        • Virtual communication
        • Virtual Fatigue
        • WeLearn by Grant Thornton
        • What details should be included in a business plan?
        • What is the Digital Games Tax Credit?
        • Why do you need to have the company registers?
        • Why People are critical in the Change Process
        • Will online shopping make the retail giants extinct?
        • COVID-19: Workforce restructuring
      • iMagazine
        • Making the R&D Tax Credit work for you
        • Thinktech: Leading the Way
      • Publications
        • A Guide to Taxation for the Irish Equine Industry
        • A shift towards car as a service
        • A smarter way to get deals done
        • Accelerated Capital Allowances
        • Agri-Food Services
        • Alternative Investment Fund Managers Directive: European Commission proposal
        • An introduction to the Charities Governance Code
        • An introduction to the Charities SORP
        • An Teampall Gael - Issue 1 - financial planning newsletter
        • Applying IFRS 10 Consolidated Financial Statements
        • Applying IFRS 15’s ‘no alternative use’ to real estate sales
        • As easy as SOC 1, 2, 3
        • Asset financing
        • Asset Management conference 2016 presentation
        • Asset management: Global financial accounting and reporting solutions
        • Audit and Accounting Advisory
        • Aviation advisory: Innovation delivered
        • Aviation: navigating the impact of COVID-19
        • Be a Changemaker
        • Brexit Accounting for the impact on current and deferred tax
        • Brexit and Indirect Tax Update Webinar
        • Budget 2020 presentation slides
        • Business Continuity Management (BCM)
        • Business Process Outsourcing
        • Business Resumption Support Scheme (BRSS)
        • Business Risk Services - Bringing value to your business
        • Capital allowances: Project and development services
        • Centre of Excellence
        • Change Management
        • Climate risk quantification: Focus on ESG data
        • Cloud costs require greater clarity
        • Commission on Taxation and Welfare Report 2022
        • Companies Act top 10 accounting tips
        • Comparison between U.S. GAAP and IFRS
        • Complaint Management Solutions
        • Conducting business in Ireland
        • Constructing tomorrow, today
        • Contract risk and assurance
        • Corporate Finance - Deal or No Deal
        • Corporation tax July Job Stimulus and COVID measures
        • Covid19 - Debt Warehousing Regime
        • COVID-19 : Financial Reporting and Disclosures
        • COVID19 Webinar Tax and Legal Update
        • COVID-19: Accounting implications for CFOs: Debt Modifications
        • COVID-19: Hedge accounting insights
        • COVID-19: Impact on the food industry in Ireland
        • COVID-19: Update on expansion of business supports from SBCI and Enterprise Ireland
        • Cyber Security incident response
        • DAC6 EU Mandatory Disclosure Requirement
        • Data Protection Assessments
        • Data Protection Maturity Model
        • Data Protection Services
        • Direct to indirect taxation
        • Disclosure of beneficial ownership of Irish companies
        • Diversity in senior leadership teams
        • Do your CSO filings use up your valuable time each quarter?
        • ECB pushing for faster incorporation of climate and environmental risks by banks
        • Eight steps to successful investing
        • Employment Wage Subsidy Scheme Webinar
        • Energy & Utilities Services
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