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Sector Focus
We specialise in the investment management industry offering audit, assurance, tax and corporate recovery and liquidation services.
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Personal Tax Services
There are many tax rules that can affect you personally and therefore which will have an impact on your personal wealth.
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QI Compliance
Qualified Intermediaries (QI) have to take action now to perform a Certification to the Internal Revenue Service (IRS).
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Download our tax brochures
The Guernsey tax team at Grant Thornton aim to provide the island with a premier tax advisory service both to private clients and the Guernsey business community including the investment management industry.
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Jersey Tax Return
A page with a link for Jersey Tax Returns
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ESG
ESG can either be seen as a risk management tool or an opportunity, either way it is imperative to your business, whatever your size and whether you are listed or not.
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Professional Services
Business and accounting support for professional services
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Finance Industry
We work with a broad range of clients and their financial stakeholders, from entrepreneurs in the early days to fast growing and established businesses to public companies competing in global markets.
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Local Businesses
Businesses come in many shapes and sizes – from innovative start-ups to long-established local businesses. But however large or small your business, the chances are you face similar challenges.
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Corporate Insolvency
Our corporate investigation, Guernsey liquidation and recovery teams focus on identifying and resolving issues affecting profitability, protecting enterprise value and facilitating a full recovery where possible.
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Corporate Simplification
Redundant corporate entities can over complicate group structures and waste thousands of pounds in unnecessary costs each year. 46% of the c.15,500 companies controlled by the FTSE100 are dormant and it is estimated that the average cost of administering dormant companies is between £3,500 and £5,000 per company, per year.
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Debt Advisory
Our Debt Advisory team provides commercial and financial debt advice to corporate entities and public sector bodies in a range of sectors. Our engagements include advice on stand-alone transactions and solutions or as part of an integrated business plan, in both the project and corporate arenas.
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Exit Strategy Services
We offer a tailored methodology designed to enable a company to be reviewed in a group context to assess ways to maximise its value.
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Financial Restructuring
For companies challenged by under-performance we work with management teams, shareholders, lenders and other stakeholders to implement financial restructuring solutions creating a stable platform for business turnaround.
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Strategic performance reviews
Strategic performance reviews analyse the key drivers of performance improvement. Our specialists utilise a framework to evaluate financial and operational options and to identify solutions for businesses and their stakeholders.
Mandatory Disclosure Rules on cross border tax arrangements
17 Jun 2020July 2020 will see the commencement of two new tax regimes, which have the purpose of continuing global efforts towards providing visibility to tax authorities of arrangements which could result in the avoidance of tax.
In the Channel Islands, the Mandatory Disclosure Rules (MDR) will come into effect. These rules are based on OECD guidelines, designed to require reporting of (1) arrangements which may be circumventing the Common Reporting Standards, and (2) structures which may disguise the true beneficial owners of offshore structures (Opaque Offshore Structures). Further, EU MDR rules, known as DAC 6, shall also take effect, which will place a further reporting requirement on certain intermediaries and taxpayers.
For a Channel Islands based intermediary and service provider, it is vital that the MDR and DAC 6 reporting requirements are fully understood, as financial penalties will apply for failures to report.
So what do these rules entail and how might they impact intermediaries? How can those impacted by these rules prepare for their implementation and further support their clients? How can Grant Thornton help? These are all questions that we hope to help answer.
Bulletin: Mandatory Disclosure Rules Explained [ 1613 kb ]
Please download our bulletin that focuses on the Mandatory Disclosure Rules and the EU Council Directive 2011/16 – known as DAC6. It will explain what the rules are and what intermediaries (promoter and service provider) and even taxpayers must consider and prepare for in the coming months.
