Jul 13 2020 Registration is open for the Eat Out to Help Out Scheme Categories: COVID-19Food & DrinkLeisure Chancellor, Rishi Sunak, announced the Eat Out to Help Out scheme during his Summer Economic Statement on 8 July. The scheme is intended to help food businesses by incentivising customers to eat at their restaurant or other “eat in” establishments by providing a discount which can then be claimed back from the government. Eligible businesses more
Jun 8 2020 Are you aware of the VAT treatment on certain takeaway items? Categories: Food & DrinkTaxation With many restaurants and cafes opening as takeaway only due to the impact of coronavirus, we wanted to highlight the different VAT rules that can apply to certain items. All hot or cooked takeaway food and most drinks will continue to be subject to VAT at 20% but there are some cold items that can more
Apr 17 2020 Scottish Seafood Business Resilience Fund Categories: COVID-19Food & Drink The Scottish Government have set up a specific £10m fund to help seafood and shellfish businesses affected by COVID-19. The seafood sector has been particularly impacted by the ongoing pandemic given its reliance on exports and the collapse of the domestic food service market resulting in many seafood processors encountering severe hardship. The grant is more
Apr 15 2020 Tax issues facing the Food & Drink sector – identifying tax opportunities Categories: COVID-19Food & Drink In these unprecedented times, you might think that tax is the last thing to consider, but it’s not all bad and there are ways you can look for opportunities. As proud members of Scotland Food & Drink, a key sector leader promoting the interests of Scotland, we have summarised some of the tax issues facing the more
Apr 7 2020 Tax issues facing the Food & Drink sector – delaying tax payments Categories: COVID-19Food & Drink In these unprecedented times, you might think that tax is the last thing to consider, but it’s not all bad and there are ways you can spread or defer tax payments. As proud members of Scotland Food & Drink, a key sector leader promoting the interests of Scotland, we have summarised some of the tax issues more
Mar 20 2020 The impact of COVID-19 on the leisure sector Categories: COVID-19Food & DrinkLeisure Our EQ Leisure specialists are fully aware of the current devastating effects of the current COVID-19 pandemic. We have been having constant discussions with our leisure clients who are experiencing unprecedented issues. There is no one size fits all, so our leisure team will do anything it can to support you through this difficult period. more
Jan 21 2020 Capitalise on the enhanced AIA limit before it expires Categories: Food & Drink Food and Drink producers often operate in a capital-intensive business environment. To continue to grow and invest in new plant and equipment, capital allowances are available which reduce the taxable profit, making investments more attractive. On 1 January 2019, the Government introduced an enhanced Annual Investment Allowance (AIA) limit, from £200,000 to £1million. The two-year more
Dec 17 2019 A Perfect Pairing – Working with Kitchin Group Categories: Food & Drink Guests are always looking for that perfect experience and restaurants are under pressure to go above and beyond to meet customers’ expectations. Firmly established as one of Scotland’s most successful and recognisable restaurant groups, Kitchin Group, based in Edinburgh is home to Tom Kitchin and his family. Awarded as Restaurateur of the Year at the more
