Contributed by MJB Avanti
29/07/2020 - MJB Avanti
To help encourage the struggling restaurant sector, the Eat Out to Help Out scheme was announced as part of the Chancellor’s Summer Economic Update earlier this month. In this article, MJB Avanti walks you through the key information you need on this new scheme.
The Eat Out to Help Out scheme is designed to help restaurants recover from the effects of the lockdown. The scheme officially launches on 3 August 2020 and will be available every Monday, Tuesday and Wednesday until 31 August 2020. A new restaurant finder service is also being launched to help find local restaurants that are participating in the scheme.
Meals that are eaten in at any participating restaurant on the designated days will be 50% off up to a maximum discount of £10 per head including children. The discount will also apply to non-alcoholic drinks but cannot be claimed on alcoholic drinks or service charges. You can use the scheme multiple times and there is no minimum spend. Diners at a participating restaurant will not require a voucher to use the scheme and can use it at the same time as other offers and discounts.
All restaurants, pubs and bars can apply to take part in the Eat Out to Help Out scheme and display posters showing they are part of the scheme. Restaurants need to register online in order to participate. Once registered, they will discount your meal and claim the money back from the government. The specified days for using the scheme are typically the quieter trading days of the week so this should further help boost restaurants takings.
You can register if your establishment:
You cannot register:
If your application is based on dishonest or inaccurate information, your registration will be cancelled.
You may also need your:
The registration is instant and you will be issued with a registration reference number which you’ll need to claim your reimbursement.
If you are using the scheme for more than one establishment, you must keep these records for each venue.
You cannot claim until the reimbursements service opens on the 7th August and it will close on the 30th September.
MJB Avanti work closely with many clients in the hospitality industry. If you’re in this industry and looking for an accountant who can make a real difference to your business, call MJB Avanti on 01473 55886 to discuss your accounting requirements.
Source: Informanagment / HMRC
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