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.
On the 11 August 2020, HM Revenue & Customs (HMRC) published their frequently asked questions (FAQs) for individuals displaced from their normal location due to Coronavirus travel restrictions.
The FAQs note the exceptional circumstances guidance released by HMRC in March regarding time spent in the UK of up to 60 days as a result of Coronavirus and travel restrictions, which can be applied to certain parts of the Statutory Residence Test (SRT). HMRC have said that the circumstances are considered 'exceptional', for Coronavirus scenarios where you:
- are quarantined or advised by a health professional or public health guidance to self-isolate in the UK as a result of the virus
- find yourself advised by official Government advice not to travel from the UK as a result of the virus
- are unable to leave the UK as a result of the closure of international borders
- are asked by your employer to return to the UK temporarily as a result of the virus.
There are however no new UK relaxations announced in the FAQs in response to requests made to HMRC, examples include extending the 60-day exceptional circumstance limit, the treatment of UK workdays for the SRT and the application of the Employment Income Article of Double Taxation Treaties. Individuals working remotely in the UK will, therefore, have UK workdays for the purposes of SRT and now likely unable to meet the conditions to be considered non-UK resident, particularly if they have been in the UK since March and remain so.
There are some related queries that have also been raised to HMRC and hopefully, further guidance should be issued by HMRC in due course. This includes social security and double taxation relief sourcing and interaction with other countries.
It has also been confirmed by HMRC that there are no changes for individuals who are non-UK domiciled and claim the remittance basis of taxation on employment income under the Overseas Workday Relief rules. As such UK workdays carried out whilst working remotely in the UK will be taxable as the duties are physically carried out in the UK, irrespective of where the remuneration is paid.
The on-going Coronavirus situation is likely to mean that many individuals have more complex UK personal positions than they may have had in the past. In some cases, there will be double taxation to consider with the interaction between their UK position and the country where they may normally work and/or live. A temporary displacement should not alter where an individual is a treaty resident, although individual facts and circumstances will need to be reviewed. There may also be complexities around an individual’s social security position.
These complexities around Coronavirus travel restrictions may apply not just to the typical globally mobile population of employees, but also those who may have become stranded in a location, or for example those who have chosen to stay in, or since go to a location for family reasons, or to remote work from a different location.
For further details, please contact one of the UK global mobility services team:
T +44 (0)118 955 9124
T +44 (0)1224 925 991
T +44 020 7728 3002
Discover more tax changes affecting internationally mobile employees.