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The UK is set to leave the European Union on January 31. Unfortunately, that date will not usher in an era of certainty for businesses with UK activities. In fact, it will launch a transition period of unpredictable negotiations between the UK and the EU. UK Prime Minister Boris Johnson has set an aggressive timeline for trade-deal negotiations. But there are other significant areas to be settled, such as post-Brexit UK workers’ rights and regulations governing data protection, supply chains, immigration and more.


Vistra has conducted its second global research study investigating the state of the private equity industry. Our study participants provide a wide range of perspectives, and include limited partners, general partners and legal intermediaries. The report identifies predominant trends in private equity now and how those trends are changing and affecting investor behavior. It addresses how the financial crisis continues to influence regulation and compliance, the rise in co-investment and large fund sizes, and how political uncertainties such as Brexit are affecting the PE decision-making process. It also examines the participants’ views of the future of private equity.


In a recent interview, the managing director of Vistra’s Reading, UK office said of operating internationally: “VAT and indirect taxes look deceptively simple but can go horribly wrong on a small detail, especially with cross-border transactions.” The bottom line is that if your organization operates abroad or is considering international expansion, you’ll have to understand and follow the indirect tax laws of each country of operation. Failure to comply with VAT rules, or to understand your entitlements under local law, can lead to additional costs, unanticipated tax liabilities, potentially needless VAT registrations and of course financial penalties.