Issue 33
CLHNews
www.CLHNews.co.uk
RETURN TO PROFIT Let us help you put your business back into profit We work “hands-on’ with you, in your business to:
1. 2. 3. 4.
Maximise your Profit Margins Minimise your Operating Costs Resolve any Operational and Staff Issues Increase the Profit from your Business
We will tailor a package that is realistic and practical for your business
Please call David Hunter of The Bowden Group for an informal chat about how we can HELP YOU
CLHNews
HMRC To Begin Fraud Checks on EOTHO Scheme
07831 407984 or
01628 487613
HOTELS, RESTAURANTS, PUBS & CATERING
MAXIMISE YOUR BUSINESS POTENTIAL Combining our 30+ years of experience in Restaurant, Pub and Hotel Business Mentoring with our now legendary Weekly Figures Analysis, we WILL increase your Profitability.
This new service is specifically designed for the smaller business (sub £500k t/o)
For an affordable monthly fee you’ll receive: • A bullet-pointed and focused weekly report giving you guidance and advice, based on your own trading figures …
• 4 half-days (or 2 full days) of on-site Consultancy / Mentoring per year … 1:1 time with David Hunter … YOUR Chosen Agenda …
• 24/7 unrestricted access to David Hunter … a Consultant / Mentor with over 30 years experience of doing just this, in YOUR industry … and with a very solid track record …
If you have a Restaurant / Hotel or Pub … WE CAN, WITH YOU AND YOUR TEAM, MAKE YOUR BUSINESS MORE PROFITABLE
Please call or text David Hunter on
07831 407984
to discuss how we can help YOU to increase YOUR profits
HMRC is to begin compliance checks on a selection of 4000 hospitality and on trade businesses as it looks to recover “funds paid in error”, and has begun to write to selected Eat Out to Help Out (EOTHO) claimants to ask them to check their claims. The EOTHO scheme saw more than 84,000 food and drink establishments take part and offer a 50% discount on eligible purchases on Mondays, Tuesdays and Wednesdays during August 2020, and recorded an estimated 130,000 claims, totalling £522 million. The scheme was hailed as a success by many industry bodies and leading figures, and raised an estimated £250 million in taxes which went back to the Treasury
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and is credited with saving thousands of businesses and tens of thousands of jobs. HMRC worked quickly to set up a system to pay restaurants within five working days. Controls were built into the system to protect public money, which included limiting eligibility to food businesses registered with the relevant local authority by 7 July 2020. Now that the scheme is ended and data has been collected the HMRC are instigating post-payment cheques. Once businesses have received a letter claimants have 60 days to respond to the letter or the HMRC may start a formal compliance check. This could include having to pay statutory interest and penalties.
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“EXPERTISE ON HAND TO DEVELOP YOUR BUSINESS” visit
www.bowdengroup.co.uk • • •
Maximise your Profitability Address any concerns you have Supporting you through change
Or contact David Hunter when you are ready for a FREE and confidential discussion by emailing him at davidhunter@bowdengroup.co.uk