50% discount on meals in restaurants

You will get 50% discount on your meals in restaurants, bars, cafes etc from 3 August to 31 August 2020 under Eat Out to Help Out Scheme. Under the Eat Out to Help Out scheme, you will get an automatic 50% discount on your meals and drinks bill when eating in. The discount is capped at a maximum of £10 per person.

The 50% discount run from Monday to Wednesday from 3 August 2020 to 31 August 2020. You can dine in as many times as you like. Also, you do not need a voucher to claim your 50% discount on meals at the participating restaurant, cafe, bar, canteen, food halls etc.

You can search for the participating restaurants here. You just need to enter the postcode

50% discount on meals NOT the alcoholic drinks

However, the 50% discount would not apply to alcoholic drinks like beers, wines etc. You pay full price for alcoholic drinks.

The 50% discount does not apply to service charge on your meals’ bill.

Read the full guidance here.

Companies House filings during COVID-19 pandemic

Companies House also gear up to support UK businesses during COVID-19 pandemic. They will automatically extend your company’s filing deadline. This will help you to avoid a late filing penalty if you are unable to deliver your company accounts on time during this pandemic. You do not need to do anything. You just need to go to Companies House website to check your new filing deadline.

On the same note, your confirmation statement filing deadline will also be extended. You would have 6 weeks to file your confirmation statement. Likewise, for the events driven filings, you will have 42 days (6 weeks) to notify Companies House instead of the usual 14 days filing deadline.

In addition, Companies House also created an interim paperless filing service to accept documents which would normally require a live signature.

During this pandemic, you are encouraged to submit your documents online to Companies House. You can use the webfiling service to file the following documents to Companies House.

To file online, you would require your company’s authentication code. The authentication code is the electronic equivalent of your company’s director(s) signatures. Keep safe your authentication code.

If you require help with your company’s filings, contact Our accountants. They will be more than happy to assist you.

Face coverings are compulsory in shops from 24 July 2020

The UK government announced today (14 July 2020) that face coverings are compulsory in shops and supermarkets from 24 July 2020 to minimise the spread of the COVID-19.

Today is 14 July 2020 so you have 10 days to get your face covering ready. People who use London public transport to go to work or make an essential journey must wear a face-covering since 15 June 2020. The requirement was mandatory around the same time secondary schools and non-essential businesses were allowed to reopen from 15 June 2020.

This July month further more businesses are reopening and people are also encouraged to go back to work. You will find more people visiting shops and supermarkets. It is a wise move to make it mandatory for people to wear a face covering inside a shop or supermarket to minimize the spread of the COVID-19.

If you are going to buy a face-covering ensure that the face-covering you bought comply with the product safety regulations.

Cost of a face covering

The surgical face mask per piece seems to have dropped compared to last month. Last month, I noted the price for 3 pieces of surgical mask from a local supermarket was £3 and this month the price has dropped to £2.50 for 3 pieces.

Recent social media reports that face masks waste are polluting the environment. Sometimes, you can easily spot blue face masks in London streets. Our accountants use the washable, reusable 3 layers of fabric face coverings.

Use of washable, reusable fabric face covering is cheaper in the long run compared to using the single-use surgical face mask. Say, you bought a fabric face covering for £4 apiece and you can wash it for 30 times (maybe more) that equal to 30 days.

£2.50 for 3 face mask equal to 83 pence per mask, if you use one mask a day, 30 days equal to £25. The general surgical face mask pollution will also go down.

Let’s do a test, light a candle, then you try to sneeze to blow out the candle with your mask on. See what happens. After that, you do the same test using a fabric face covering (usually cotton fabric with 2 or 3 layers one). Your candle stays lit also. Then you compare your outcome to sneeze without a surgical face mask or face covering on, your candle won’t stay lit and your droplets will land on surfaces.

For this reason, face coverings are compulsory in shops and supermarkets from 24 July 2020 would definitely minimise the spread of the COVID-19. a wise move. Read the full guidance from the Department of Health and Social care here.

Make your own face-covering

You can make your own face covering if you are unable to get surgical masks from the shops. The UK government has also published guidance on how to wear and make a face cloth covering.

You don’t need to buy a sewing machine to make your own cloth face covering. You can use your old T-shirt.

The guidance comes with step by step how to make your own face covering with pictures illustration. It is very simple to follow.

The benefit of using cloth face-covering is that it is washable and reusable, it would be more cost effective in the long run. Additionally, you are also saving the environment by reducing waste from surgical masks.

More businesses to reopen this July 2020 with COVID-19 secure measures in place

More businesses to reopen this July month. Every business must implement and comply with the COVID-19 secure measures requirements.

Companies House filings during COVID-19 pandemic

Companies House also gear up to support UK businesses during COVID-19 pandemic. They automatically extend your company’s filing deadline. This will help your company to avoid a late filing penalty if you are unable to deliver your company accounts on time. You do not need to do anything. You just need to go to Companies House website to check your new filing deadline.

Concurrently, your confirmation statement filing deadline will also be extended. You would have 6 weeks to file your confirmation statement. Similarly, for the events driven filings, you will have 42 days (6 weeks) to notify Companies House instead of the usual 14 days filing deadline.

In addition, Companies House also created an interim paperless filing service to accept documents which would normally require a live signature.

You are encouraged to file your company documents to Companies House digitally. You can use the web filing service to submit the following documents to Companies House.

To file online, you would require your company’s authentication code. The authentication code is the electronic equivalent of your company’s director(s) signatures. Keep safe your authentication code.

If you require help with your company’s filings, contact Our accountants. They will be more than happy to assist you.

Email reminders from Companies House

You can sign up for the email reminders with Companies House for your limited company or limited liability partnership (LLP). The email reminders service is to tell you when to submit your company accounts or confirmation statement.

Email reminders proved to be more effective than paper reminders from Companies House.

Paper reminders only work when you can have access to your mails sent to your registered office and you open it on time and act promptly.

We have helped many businesses to restore their companies. They were struck off the register because of non-filing of either their company accounts or confirmation statement.

The common reason was that they did not receive reminders letters from Companies House. Because they forgot to notify Companies House of their new registered office address after they moved to a new office. Understandably, moving office can be stressful and lots to sort out but this event is not an acceptable excuse to miss your company’s filings.

Many of us have at least one email account that we checked regularly. It is very easy to sign up for the email reminders with Companies House.

How to sign up for email reminders

Go to Companies House website to sign up and the service is free.

  1. Sign in to the Companies House online filing service. For new user, you must register for the service first.
  2. Select ‘Activate e reminders’ from your company overview screen.
  3. Click ‘Add an email address’.
  4. Enter your email address (a maximum of 4 for each company).
  5. Click the link in the email from Companies House to validate your email address.
  6. Agree to the Terms of operation.

Thereafter, Companies House will send you an email to confirm when you’ve successfully joined the reminder service.

Companies House filings during COVID-19 pandemic

Companies House also gear up to support UK companies during COVID-19 pandemic. They automatically extend your company’s filing deadline. This will help you to avoid a late filing penalty if you are unable to deliver your company accounts on time during this pandemic. You do not need to do anything. You just need to go to Companies House website to check your new filing deadline.

On the same note, your confirmation statement filing deadline will also be extended. You would have 6 weeks to file your confirmation statement. Likewise, for the events driven filings, you will have 42 days (6 weeks) to notify Companies House instead of the usual 14 days filing deadline.

In addition, Companies House also created an interim paperless filing service to accept documents which would normally require a live signature.

You are encouraged to submit your documents to Companies House digitally. You can use the online web filing service to file the following documents to Companies House.

Authentication code

To file online, you would require your company’s authentication code. The authentication code is the electronic equivalent of your company’s director(s) signatures. Keep safe your authentication code.

If you require help with your company’s filings, contact Our accountants. They will be more than happy to assist you.

Register for the Eat Out to Help Out Scheme

Businesses providing food and drinks for immediate consumption can register for the Eat Out to Help Out Scheme and offer a 50% discount (up to a maximum of £10 per person) on food and non-alcoholic drinks to customers dining in. This scheme is to help restaurants to attract customers to dine in thus bring income to the business during the COVID-19 pandemic.

You can run the discount offer all day, every Monday to Wednesday from 3 August to 31 August 2020. You must register first before you offer a discount to your customers.

The benefit of this scheme is that you can claim back the discounted food bill from the government. HM Revenue and Customs will pay you back.

  • restaurants
  • cafés
  • public houses that serve food
  • hotel restaurants
  • restaurants and cafes within tourist attractions, holiday sites and leisure facilities
  • dining rooms within members’ clubs
  • workplace and school canteens

The Eat Out to Help Out Scheme open for registration from 13 July 2020. Generally, you must wait 7 days from registration to make your first claim. HM Revenue and Customs (HMRC) will pay your claim into your bank account within 5 working days. You can claim on a weekly basis. Your claim would be treated as taxable income under your business.

A dedicated helpline will be available to keen participating businesses from 13 July 2020.

Read Eat Out to Help Out Scheme guidance here.

Companies House filings during COVID-19 pandemic

Companies House also gear up to support UK businesses during COVID-19 pandemic. They will automatically extend your company’s filing deadline. This will help you to avoid a late filing penalty if you are unable to deliver your company accounts on time during this pandemic. You do not need to do anything. You just need to go to Companies House website to check your new filing deadline.

On the same note, your confirmation statement filing deadline will also be extended. You would have 6 weeks to file your confirmation statement. Likewise, for the events driven filings, you will have 42 days (6 weeks) to notify Companies House instead of the usual 14 days filing deadline.

In addition, Companies House also created an interim paperless filing service to accept documents which would normally require a live signature.

During this pandemic, you are encouraged to submit your documents online to Companies House. You can use the webfiling service to file the following documents to Companies House.

To file online, you would require your company’s authentication code. The authentication code is the electronic equivalent of your company’s director(s) signatures. Keep safe your authentication code.

If you require help with your company’s filings, contact Our accountants. They will be more than happy to assist you.

Temporarily reduced VAT rate to 5%

The UK government has announced on 8 July 2020 to temporarily reduced VAT rate to 5%, from the standard rate of 20% to boost the UK economy during the COVID-19 pandemic.

The temporary 5% reduced VAT rate will come into effect for transactions occurred between 15 July 2020 and 12 January 2021.

if you are a VAT registered company and in business in the following sectors then you would charge 5% VAT to your customers from 15 July 2020, instead of the 20% VAT.

For example, say your usual price for a plate of stir fried noodles is £9 plus VAT. Currently, your selling price to your customers would be £10.80 inclusive of 20% VAT (£9+20% VAT). From 15 July 2020, your selling price will fall to £9.45 (£9+5% VAT). Your customer will save £1.35 and you will lose nothing except for adjusting your VAT calculation.

Hospitality sector

  • Restaurants
  • Pubs,
  • Cafes,
  • Catering and takeaways.

Hotels and holiday accommodation

  • Hotels
  • Camping sites
  • Hostels
  • Bed and Breakfast
  • Caravan sites

Attractions

  • Shows
  • Theatres
  • Circuses
  • Fairs
  • Amusement parks
  • Concerts
  • Museums
  • Zoos
  • Cinemas
  • Exhibitions
  • similar cultural events and facilities

Read the guidance on temporary 5% reduced VAT rate here.

This temporarily reduced VAT rate to 5% will encourage the public to visit attractions with their kids and eat out during this pandemic. Of course, everyone must follow the social distancing rules.

Companies House filings during COVID-19 pandemic

Companies House also step up to support UK businesses during COVID-19 pandemic. They will automatically extend your company’s filing deadline. This would help your business if it is severely affected by the COVID-19 outbreak and help you to avoid a late filing penalty. You do not need to do anything. You just need to go to Companies House website to check your new filing deadline.

On the same note, your confirmation statement filing deadline will also be extended. You would have 6 weeks to file your confirmation statement. Likewise, for the events driven filings, you will have 42 days (6 weeks) to notify Companies House instead of the usual 14 days filing deadline.

In addition, Companies House also created an interim paperless filing service to accept documents which would normally require a live signature.

During this pandemic, you are encouraged to submit your documents online to Companies House. You can use the webfiling service to file the following documents to Companies House.

To file online, you would require your company’s authentication code. The authentication code is the electronic equivalent of your company’s director(s) signatures. Keep safe your authentication code.

If you require help with your company’s filings, contact Our accountants. They will be more than happy to assist you.

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