Eat out to Help Out Scheme - getting your customers back!
The Chancellor announced the new “Eat Out to Help Out” scheme in his Summer Statement. This scheme offers a discount to customers who eat and drink (non-alcoholic drinks) at restaurants and bars. If a business registers for the scheme they can offer a discount of 50% up to a maximum of £10 per person. They can then reclaim the discount from the government. Discounts can be applied every Monday, Tuesday and Wednesday from 3rd August 2020 to 31st August 2020. Customers can take advantage of the discount as many times as they like during this time.
So far we’ve seen a prompt delivery of funding to businesses via the Job Retention Scheme (JRS) and the Self-Employment Income Support Scheme, so I would hope the same is true here, it will certainly be crucial if businesses make use of the scheme whilst cash flow has been so challenging for the sector as a whole.
In order to register for the scheme you need to be a business which sells food for consumption on the premises via a dining area. Importantly, you can’t register for the scheme if your business only offers takeaway food or drink, provides room service only or provides catering services for private functions.
What information will I need to apply?
You will need the following information to register for the scheme. Many businesses will already have this information to hand because they used it to register for the furlough (JRS) scheme:
- 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 the establishment
- the UK bank account number and sort code for the business
- the address on your bank account for the business
You may also need your:
- VAT registration number
- Employer PAYE scheme reference number
- Corporation Tax or Self Assessment unique taxpayer reference
Want to learn more?
Read the full guide here
How do I register for this scheme?
To register for the scheme, please click here.
Call us on 02844 616413 or 02892 446160 for advice and assistance.