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.
By using any Thomson Reuters or its related bodies corporate (TR) website, application, including mobile application ("app"), product, software or service or, otherwise, providing us with any of your (or any other person’s) personal information you consent to our collection, use and disclosure of your personal information in accordance with (and agree to the terms of) our Privacy Statement (which can also be found at https://www.thomsonreuters.com/en/privacy-statement.html or we will provide you with a copy of our Privacy Statement if you email us at firstname.lastname@example.org and request a copy). Do not proceed to use any of our websites, products or services or provide any personal information to us if you do not consent/agree to our Privacy Statement.