1. Home
  2. Tax and Accounting
  3. Impact of VAT on family-run businesses

Tax & Accounting

The impact of VAT on family-run businesses

A joint paper by EY and Thomson Reuters

Family-run businesses face significant challenges and need to assess their strategy carefully regardless of the industry segment they operate in. The increased compliance requirements mean that family-run businesses would need to decide which department would be responsible for VAT and related compliance. It may be the right moment to assess the duties and responsibilities of a family office in this regard, if already in place, or assess the feasibility of the set-up of a family office as part of the family’s wealth strategy.

EY and Thomson Reuters have partnered to discuss the impact of VAT on family-run businesses, the various opportunities and challenges that businesses may face, and how best to tackle these obstacles to be prepared for VAT implementation.

Complete form to receive your copy today.

Complete the form to receive a copy

Would you like to be contacted by our team to learn more about Thomson Reuters solutions?(Optional)

By submitting this form, you acknowledge the Thomson Reuters group of companies will process your personal information as described in our Privacy Statement, which explains how we collect, use, store, and disclose your personal information, the consequences if you do not provide this information, and the way in which you can access and correct your personal information or submit a complaint.