The Government has announced guidance on ‘flexible furlough’ arrangements, under the Coronavirus Job Retention Schemes (JRS), coming into effect from 1st July 2020. The aim of the scheme is for businesses to gradually bear the burden of the JRS and encourage them to reintroduce furloughed staff back to work in an attempt to stimulate the economy.
As the business sector increases globally, there is a need for more businesses to make environmentally friendly changes that would help sustain the environment. Initially, you may think that making such changes would cost your business money, however this article will outline ways in which large and small business have adapted their business operations to become more ‘green’ and in doing so have saved money.
Overview of VAT
Businesses or sole traders must register for VAT once their
taxable turnover exceeds the VAT registration threshold.
The threshold is exceeded if your turnover exceeds £85,000
in a 12 month period or if you expect your turnover to exceed £85,000 in the
next 30 days.