Summer Economic Update: summary of policies announced
July 9, 2020
PCRRG calls for greater recognition that paper cups can be recycled
July 10, 2020Cut in VAT
The Government has published further guidance on the cut in VAT from 20% to 5% for hospitality businesses. It outlines that the cut will apply to:
- hot and cold food for consumption on the premises on which they are supplied
- hot and cold non-alcoholic beverages for consumption on the premises on which they are supplied
- hot takeaway food for consumption off the premises on which they are supplied
- hot takeaway non-alcoholic beverages for consumption off the premises on which they are supplied
As a reminder, this is a temporary cut which will apply from 15 July 2020 to 12 January 2021
For more on the guidance simply click here
Eat Out to Help Out
The Government has also published further guidance on the Eat Out to Help Out Scheme.
The only applies where food and/or non-alcoholic is sold for immediate on-premises consumption.
This means that the discount does not apply food ordered and collected for takeaway. Similarly, if a takeaway or mobile van places a table and chairs in front, this would not be eligible for the scheme. It is worth noting that if a customer is dining in and then takes away the remainder of their meal, the discount will still apply.
For more on the guidance simply click here
