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Aviation Advisory
Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
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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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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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Financial Accounting and Advisory
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
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Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
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Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
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Sustainability Advisory
Our Sustainability Advisory team works with clients to accelerate their sustainability journey through innovative and pragmatic 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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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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Indirect Tax Advisory & Compliance
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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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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Private Client
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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Businesses availing of the Debt Warehousing Scheme (DWS) have until 1 May 2024 to either:
- Pay their warehoused debt in full; or
- Engage with Revenue on addressing the debt, including arrangements for a Phased Payment Arrangement (PPA)
Debt Warehousing was introduced in response to the Covid-19 crisis and allowed businesses to defer the payment of certain taxes –principally Employer PAYE and VAT – interest-free until 31 December 2022 (or 30 April 2023 for those eligible for the extended deadline). A 3% rate of interest applied thereafter and businesses had a 1 May 2024 deadline to either repay the debt or enter into a Phased Payment Arrangement (PPA) to clear the debt.
Recently the Minister for Finance announced a number of key changes:
- The interest on outstanding warehoused liabilities was reduced from 3% to 0%; and
- Businesses who had already paid interest at 3% would be able to claim a refund of that interest.
Minister McGrath also noted Revenue’s commitment to a flexible approach to PPAs including:
- The level of initial down-payment, if any, required when commencing the PPA;
- Possible extension of the duration of the payment arrangement beyond the typical 3-5 year period on a case by case basis; and
- The availability of payment breaks/deferrals if temporary cash flow difficulties arise during the PPA term.
- However, to avail of the flexible approach outlined, businesses must file current tax returns on time, meet current tax liabilities as they fall due and engage with Revenue to initiate a PPA prior to 1 May 2024. Revenue will be writing to businesses that have not engaged but tax agents will not be copied on final reminders so cases within the scheme need to ensure they engage by the deadline.
- Failure to do so could result in warehousing being revoked, the application of 10% interest rates and the immediate enforcement of all outstanding debt, including interest.