Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
UK Budget announcement targets high earners
The UK Budget was announced on 11 March 2020 and while the emphasis centred on the unfolding challenges presented by coronavirus and Brexit, some announcements will impact globally mobile employees and potentially impact the tax cost of individuals working in the UK.
Pension allowances for high earners
The pensions annual allowance is the maximum amount of tax-relieved pension savings that can be accrued in a tax year. The annual allowance was £40,000 and for those on the highest incomes the allowance tapered down to a minimum of £10,000.
The annual allowance remains at £40,000. However, the tapered annual allowance thresholds will be raised by £90,000. This means that from April 2020 the threshold income level will be £200,000 so that individuals with income below this level will no longer be affected by the tapered annual allowance. However, for those on the very highest incomes, the minimum level to which the annual allowance can taper down will reduce from £10,000 to £4,000 from April 2020. Please note that this reduction will only affect individuals with a total income of over £300,000.
Where contributions to a foreign pension plan continue and tax relief may be available in the UK under a double tax treaty, assignees with income between £150 and £200k may now be able to claim more relief for pension contributions whilst higher earners may find that a portion of the annual contributions are subject to an additional charge. For employers with individuals working in the UK on assignment and who are tax equalised, this change may result in additional tax costs to the business. Employers should, therefore, review now how these changes may impact the relief available for pension contributions in particular in relation to assignees into the UK.
An increase was announced in the threshold for paying national insurance to £9,500 and increase in the employment allowance for employers NIC’s from £3,000 to £4,000. While more limited in scope, they do provide some relief.
For questions on the UK Budget or Global Mobility Services in the UK, please contact Katy Bond or Heather Smallwood, Grant Thornton UK.