Blog

Restaurant

Eat Out to Help Out Scheme 

This week's Friday wrap up is specifically aimed at restaurant and cafe owners and operators.

 

Have you heard about the new ‘Eat Out to Help Out’ scheme that’s going LIVE on Monday? If not then take a look at the below information to see if the scheme is right for you. There’s still time to register your business to participate as registration will remain open throughout August but the earlier you register, the earlier you can begin communications to your customers about this offer.

You can use the Eat Out to Help Out Scheme to offer a discount to diners and encourage them to eat at your restaurant.

 

You can use the Eat Out to Help Out Scheme:

  • all day, every Monday, Tuesday and Wednesday from 3 to 31 August 2020

  • to offer a 50% discount on food or non-alcoholic drinks to eat or drink in (up to a maximum of £10 discount per diner)

  • to claim the money back from the government

There is no limit to the number of times customers can use the offer during the period of the scheme. Your customers cannot get a discount for someone who is not eating or drinking and alcohol and service charges are excluded from the offer.

Registration will close on 31st August.

Who can register

You can register if your establishment:

  • sells food for immediate consumption on the premises

  • provides its own dining area or shares a dining area with another establishment for eat-in meals

  • was registered as a food business with the relevant local authority on or before 7 July

 

You cannot register:

  • an establishment that only offers takeaway food or drink

  • catering services for private functions

  • a hotel that provides room service only

  • dining services (such as packaged dinner cruises)

  • mobile food vans or trailers

What you’ll need

To register, you must have:

  • the Government Gateway ID and password for your business (if you do not have one, you can create one when you register)

  • the name and address of each establishment to be registered, unless you are registering more than 25

  • the UK bank account number and sort code for the business (only provide bank account details where a BACS payment can be accepted)

  • the address on your bank account for the business (this is the address on your bank statements)

  • the date your business started trading

You may also need your:

  • VAT registration number

  • employer PAYE scheme reference number

  • Corporation Tax, Self-Assessment or Partnership Self-Assessment unique taxpayer reference

- If you are registering 25 establishments or less, you must provide the details of each.

- You must register all of your establishments at the same time. It’s not possible to add further establishments later. If you need to correct any information given during registration or amend your registration, you’ll need to contact HMRC.

If you’re registering more than 25 establishments

- If you’re registering more than 25 establishments that are part of the same business, you do not have to provide details for each one.

- You should provide a link to a website which contains details of each establishment participating in the scheme including the trading name and address.

- You may also need to provide a list to HMRC on request, with details of all participating establishments.

Information on making a claim (once registered) 

  • The service you’ll use to claim reimbursements for discounts applied will be available on 7 August 2020.

  • The service will close on 30 September.

  • You must wait 7 days from registration to make your first claim.

  • HMRC will pay eligible claims within 5 working days.

  • You will be able to submit claims on a weekly basis.

  • You’ll still need to pay VAT based on the full amount of your customers’ bills.

  • Any money you receive through the scheme will be treated as taxable income.

Visit gov.uk to find out more, to register for the scheme and to obtain marketing assets for scheme promotion. 

Unfortunately an agent cannot apply on your behalf but please do get in touch if we can assist with information on any of the above or with anything else related to your accounts.

Have a wonderful weekend. 

www.orleighfox.co.uk 

Disclaimer: The information contained in this article is intended to be a guide and is not intended to be exhaustive. No action should be taken on the basis of information contained herein without obtaining the necessary advice. No responsibility can be accepted for loss or damages occasioned to any person acting or refraining from acting as a result of the material contained herein.

 Orleigh Fox Accounting Limited - Copyright © 2020     

Orleigh Fox is the trading name of Orleigh Fox Accounting Limited registered in England and Wales company number 11433079,

regulated by The Institute of Chartered Accountants. Registered office: Orleigh, Tennis Court Road, Paulton, Bristol BS39 7LU

PRIVACY POLICY

Professional Indemnity Insurance is provided by Hiscox Insurance Company Ltd, The Hiscox Building, Peasholme Green, York, YO1 7PR with worldwide geographical limits