 The Eat Out to Help Out Scheme launched on Monday and will run on Mondays, Tuesdays and Wednesdays until 31st August 2020.
Restaurants and other establishments serving food for on-premises consumption can still sign up to the government initiative aimed at protecting jobs in the hospitality industry and encouraging people to safely return to dining out.
We have distributed window stickers to participating establishments across the district, and also have a directory of participating restaurants on our BusinessNK website. Contact ecodev@n-kesteven.gov.uk if these stickers would be beneficial for your business.
The Government has produced new guidance for businesses on the Eat Out to Help Out Scheme which provides further details on:
- When businesses can make a claim
- The records that businesses will need to keep, including the number of covers being claimed for and the amount of discount that they were given
Under the scheme, businesses can make up to 5 claims before 30 September but is important to note that VAT needs to be paid on the full amount of the customer’s bill before the discount is applied.
Two new leadership programmes to help small business leaders grow their companies in the wake of the coronavirus pandemic launched on Monday (3 August).
- Government investment in small business training, management and productivity
- £20 million commitment at critical time for small businesses dealing with the impact of coronavirus
- Interested small business leaders are encouraged to sign up
The Small Business Leadership Programme will focus on strengthening decision-makers’ leadership skills, so they are able to address management challenges, some of which, such as remote working, have arisen from coronavirus. The programme will equip business leaders with the confidence and leadership skills to plan for the future of their business, and ensure that they are in a great position to recover from the impacts of coronavirus. Further details can be found here.
The government is introducing a new Job Retention Bonus to provide additional support to employers who keep on their furloughed employees in meaningful employment, after the government’s Coronavirus Job Retention Scheme ends on 31 October 2020.
The Job Retention Bonus is a one-off payment to employers of £1,000 for every employee who they previously claimed for under the scheme, and who remains continuously employed through to 31 January 2021.
Eligible employees must earn at least £520 a month on average between the 1 November 2020 and 31 January 2021. Employers will be able to claim the Job Retention Bonus after they have filed PAYE for January and payments will be made to employers from February 2021. Find out more information about the Job Retention Bonus here. Full guidance will be published by the end of September.
BEIS has asked the Law Commission to undertake a consultation on how better to protect customers when a firm that they have ordered goods from becomes insolvent before the goods are received.
Under the current rules, if a company becomes insolvent, goods paid for in advance that are still in its possession may be considered as assets belonging to the business.
Given concerns regarding the solvency of many businesses due to the Coronavirus outbreak, this proposed change will be beneficial to many businesses by providing additional protection when ordering goods from suppliers. For more information please see here.
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