As the country begins to come out of lockdown, the next crucial step is to get the economy moving. With this in mind, the Chancellor announced the Eat Out to Help Out Scheme. Its aim is to help the ailing hospitality sector, which has been one of worst affected by the pandemic, and coincides with a 6-month VAT cut from 20% to 5% on food and accommodation.
The voucher scheme entitles diners to 50% off food or non-alcoholic drinks at UK restaurants on Monday – Wednesday throughout the month of August. There is a value of up to £10 per person and the Government will subsidise the discount.
Which establishments can register for the scheme:
- 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
Those who 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
Registration will close on 31 August.
For further details on the scheme and to register, click here.
If require more information on support available or would like to arrange a call, please get in touch.
The information in this update should not be regarded as financial advice. This is based on our understanding on 13 July 2020. Laws and tax rules may change in the future.