Sep 17 2020 How we’ve been supporting our clients, Kerr’s Dairy Categories: Food & DrinkLeisure Despite the challenges faced due to the COVID-19 pandemic, many businesses have continued with their plans for growth. That was the case for one of our clients, Kerr’s Dairy, a family run Dundee-headquartered business that supplies the finest quality dairy products direct to your door. Founded by Sandy Kerr in 1900, the business has spanned five generations more
Aug 18 2020 Registered businesses can now make claims through the Eat Out to Help Out scheme Categories: COVID-19Food & DrinkLeisure Businesses that have registered for the Eat Out to Help Out scheme, as per our previous article, can now make a claim for the discounts given to diners on a weekly basis. HMRC said that the scheme, that gives diners a 50% discount, up to £10 per person on Mondays to Wednesdays between 3 and more
Jul 14 2020 Temporary reduced rate of VAT for hospitality and tourism sector Categories: COVID-19Food & DrinkLeisure In the Chancellor’s Summer Statement, it was announced that a targeted reduced rate of VAT would be introduced, aimed at some of the sectors hardest hit by COVID-19 – hospitality and tourism. Such supplies, currently standard rated at 20%, will be subject to VAT at 5%. The new rate will apply from Wednesday 15 July more
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
