Tariff

Lee Squires, Director, Indirect Tax From 1 January 2021, the Northern Ireland Protocol to the Brexit Withdrawal Agreement created a customs and regulatory border down the Irish Sea. There has been considerable focus in the media on the delays, logistical issues, and extra red tape that businesses face when moving goods from Great Britain into…

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R&D tax relief

Leading business advisory firm Grant Thornton has helped local firms recoup more than £10 million of tax relief from ‘Research and Development’ (R&D) spending in the past 18 months. And it is expected to increase significantly throughout 2021 as companies explore new ways to improve cashflow as the economy emerges from restrictions brought about due…

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tax

Andrew Webb, Director, Economic Advisory, Grant Thornton Ireland The recent UK budget laid out the significant costs related to the various coronavirus supports and began plotting the path to raising more revenue. With current government borrowing running at post world war highs of £355bn, a central theme in the Chancellor’s announcement was ‘repairing the public…

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Naomi Little, Assistant Manager, Tax, Grant Thornton Ireland  There has been a long history of employee movement between Northern Ireland and the Republic of Ireland. The COVID-19 pandemic and the imminent end of the Brexit transition period has recently shone a brighter focus on this issue. With the relative ease of movement across the border,…

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Commercial property

Janine McNeill, Manager, Tax at Grant Thornton Northern Ireland  Given the current climate, commercial property owners may be finding it difficult to attract tenants to lease their premises. As a result, landlords may need to offer an incentive to potential tenants in order to avoid their properties sitting vacant for long periods of time. This…

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By Clare Fitzgerald, Associate Director, Tax at Grant Thornton in Belfast The COVID-19 crisis continues to be at the forefront of everyone’s mind. Public health is the number one concern, and rightly so. Sometimes watching the news, it feels that there is very little of positive news on the horizon – whilst the Government is…

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By Lorraine Nelson, Head of International Tax at Grant Thornton in Belfast Over 200 countries and territories around the world have been directly impacted by the spread of the COVID-19 coronavirus, with most governments quickly implementing full or partial lockdown measures while announcing emergency measures to protect jobs and assist with cash flow. As the…

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By Marie Martel, Associate Director, Tax, Grant Thornton in Belfast With the dawn of a new decade, you may be considering if there will be a significant change in the ownership of your business within the next few years. Quite what form this will take you don’t yet know – it could be an all-out…

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Brexit

By Lee Squires, Director, Tax, Grant Thornton Northern Ireland If the UK leaves the EU without a deal on 31 October 2019, trade between the UK and EU would revert to World Trade Organisation (WTO) terms. This means the movement of goods between the UK and EU would be subject to customs duty and controls. Here…

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Grant Thornton, Brexit

In light of the publication by the UK Government of the first tranche of guides on preparing for a ‘No Deal’ Brexit, Peter Legge, Tax Partner at leading business advisory firm Grant Thornton Northern Ireland, said: “Brexit is an opportunity to look at your organisation and review operations and strategy.  Businesses need to start planning…

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