Well, who said there was no summer in the UK?
Ok, over the last couple of years, we didn’t actually get to enjoy much more than a week of sunshine, I have to admit it. But it seems this June breaks all the records and we are crossing fingers for an equally blissful July and August.
As many of you, though, I am in fact spending this sunshine-packed day in the office, still giving sorry glances outside, hoping to find this tomorrow and over the short, yet so-longed-for week-end.
As the sun rises, something else does too. The news of the week is the UK budget has been approved. And the main point is the VAT issue. Not so entertaining really, as we are going to experience a rise in daily life purchases – so basically in eveybody’s personal sphere, when food shopping for instance – but on the other hand, it seems it is not going to affect the small-sized businesses so much, as the VAT threshold still remains set at £70,000+ and there are indeed advantages in terms of tax-free allowance per year (up to £1,000, apparently).
Not willing nor able to give more detailed info on the subject matter, refer to HM Treasury’s website http://www.hm-treasury.gov.uk/budget.htm or similar sources to know more. Pls share if you find something helpful!
And happy Friday! (Don’t forget to re-tweet this!)