-
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.
-
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.
-
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.
-
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.
-
Financial Accounting and Advisory
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
-
Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
-
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.
-
Sustainability Advisory
Our Sustainability Advisory team works with clients to accelerate their sustainability journey through innovative and pragmatic solutions.
-
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.
-
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.
-
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
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
Revenue have now commenced a review on compliance with the Temporary Wage Subsidy Scheme (‘TWSS’). This means that Revenue are contacting employers who have received TWSS payments.
What this means for you?
Revenue is contacting employers and asking for certain documentary evidence to establish that:
- Scheme eligibility criteria is met
- The correct amount of subsidy is being claimed and paid to employees
- The subsidy amount is being correctly identified in employee payslips
- The scheme is operating correctly
Generally, the information Revenue will ask for is:
- An outline of the business and principal activities
- Who runs the payroll
- Summary of the impact of the COVID-19 restrictions on turnover of the business
- Confirmation that payslips were issued to all employees for the relevant periods
- Confirmation that the payslips displayed the scheme subsidy amount
- Copies of payslips for certain employees and pay periods
There are only five days to respond to the Revenue’s request. The key is to actively engage with Revenue within this deadline.
Revenue may cease payments to employers who do not co-operate with the checks and reply within the five days, or who are not complying with conditions of the scheme.
Depending on the responses received, Revenue may look for more detailed information.
As part of this compliance check, Revenue may also check that the PAYE real time system is being operated correctly by the employer and if there are any outstanding tax returns.
Where the employer has outstanding returns, they will be unable to avail of the favourable Debt Warehousing arrangements in respect of PAYE and VAT liabilities.
Next steps
Revenue will contact you through the Revenue MyEnquiries service.
On receipt of your letter from Revenue, you should contact your Grant Thornton adviser as soon as possible.