Coronavirus (OLD)

[RichardCoulter]

Originally Posted by spiderplant

"The discount can be used unlimited times and will be valid Monday to Wednesday on any eat-in meal"
(But the VAT reduction may also apply to takeaways)


You could go for three one-course meals.

I bet takeaways will keep the VAT cut for themselves by putting up their prices correspondingly.

It was on the 10pm BBC news that you pay for your restaurant meal as normal and then complete a form on a website to claim up to a maximum of £10 towards your meal. It's then paid into your bank account. I wonder how many people will bother.

Originally Posted by RichardCoulter

I bet takeaways will keep the VAT cut for themselves by putting up their prices correspondingly.

It was on the 10pm BBC news that you pay for your restaurant meal as normal and then complete a form on a website to claim up to a maximum of £10 towards your meal. It's then paid into your bank account. I wonder how many people will bother.

So wrong in so many ways...

A) if they keep the prices the same, they gain the 15% VAT, so no need to put up the prices...

B) the (up to) £10 per person is taken off your bill if the restaurant has enrolled in the scheme

https://www.moneysavingexpert.com/ne...nts-in-august/

How will the 'eat out to help out' scheme work?

Here's what we know about how the scheme will work so far:

You'll be able to get a 50% discount on sit-down meals and non-alcoholic drinks if you're eating in. The total amount you get off the bill will be capped at £10 per person, per meal. Takeaways won't be discounted.

You'll only be able to get the discount at participating restaurants, cafes and pubs. Firms can apply to be part of the scheme, and the Government says a full list of those participating will be published on its website in due course. We've asked several major eateries and pub chains whether they plan to take part and will update this story as we hear back from them.

The discount will apply on Mondays, Tuesdays and Wednesdays. It'll run throughout August.

You'll be able to use the discount as many times as you want. There's no limit.

The discount will be applied automatically when you pay. So you won't need to do anything to get it – the restaurant, cafe or pub will simply apply the reduction, then claim the cost back from the Government.

Crucially, you WILL be able to use the discount in conjunction with other vouchers. This is important, particularly because many restaurants already offer discounts early in the week. The Government discount will be applied after the other vouchers – so if you use a restaurant voucher, you'll get a 50% discount on the already-discounted price

Richard, it isn’t difficult to check these things, rather than post incorrect disinformation - it only takes a few minutes.

[Dude111]

Originally Posted by ianch99

Standard Right Wing Media misdirection. I mean it has worked for years, look at all the fools that have been duped. Why stop now?

They wont stop until the election at least I can guarantee you that!!!

My hairdresser is putting up their prices post lockdown..seems a little counter-intuitive seeing as there are 4 hairdressers in competition here.

[RichardCoulter]

Originally Posted by Hugh

So wrong in so many ways...

A) if they keep the prices the same, they gain the 15% VAT, so no need to put up the prices...

B) the (up to) £10 per person is taken off your bill if the restaurant has enrolled in the scheme

https://www.moneysavingexpert.com/ne...nts-in-august/



Richard, it isn’t difficult to check these things, rather than post incorrect disinformation - it only takes a few minutes.

They would need to raise their prices after the VAT cut to get it back to the same price.

The information about claiming the money back was on last night's 10pm BBC News, they can't both be correct.

Have you forgotten about my cognitive issues?

[nomadking]

Originally Posted by RichardCoulter

They would need to raise their prices after the VAT cut to get it back to the same price.

The information about claiming the money back was on last night's 10pm BBC News, they can't both be correct.

Have you forgotten about my cognitive issues?

Two separate schemes.

The VAT cut should mean that they can drop their prices to attract more customers. They keep the same amount of money. That would mean redoing prices on the menus.

The 50% discount(up to £10 per head and not including alcohol) is effectively the taxpayer paying that discounted part of the bill. Eg Bill for £15, customer hands over £7.50, the other £7.50 is claimed off the taxpayer.

All the more reason to double-check things, or just post something as a question, rather than as a statement of fact which is false.

[Carth]

Solihull man arrested over £495,000 'furlough fraud'

https://www.bbc.co.uk/news/uk-englan...ngham-53351271

A man has been arrested on suspicion of defrauding the government's furlough scheme out of £495,000.

The arrest, thought to be the first relating to the Coronavirus Job Retention Scheme (CJRS), was carried out in Solihull in the West Midlands.

The man was also arrested - along with a further eight men from across the West Midlands - in relation to a separate suspected multimillion-pound tax fraud and alleged money laundering offences, HMRC added.

[Sephiroth]

Originally Posted by Carth

Solihull man arrested over £495,000 'furlough fraud'

https://www.bbc.co.uk/news/uk-englan...ngham-53351271

I wonder what more will be revealed on this story.

[tweetiepooh]

The drop in VAT works out at 12.5% (Current - £100 nett -> £120 gross, New is £100 -> £105, saves £15 which is 12.5% of £120.)
Wonder how many people expect 15% off the gross so £120 -> £102 and complain?

I remember when VAT was first placed on takeaways and many places raised their prices more than the change would warrant. I don't think I mind if places do raise prices a little at this time, the drop in VAT would allow them to do that and still lower the total price to customer and make a bit more profit. Hey both seller and buyer win.

[nomadking]

Originally Posted by tweetiepooh

The drop in VAT works out at 12.5% (Current - £100 nett -> £120 gross, New is £100 -> £105, saves £15 which is 12.5% of £120.)
Wonder how many people expect 15% off the gross so £120 -> £102 and complain?

I remember when VAT was first placed on takeaways and many places raised their prices more than the change would warrant. I don't think I mind if places do raise prices a little at this time, the drop in VAT would allow them to do that and still lower the total price to customer and make a bit more profit. Hey both seller and buyer win.

Rounding up to the nearest 5p or 10p will be a factor.

[BenMcr]

Originally Posted by tweetiepooh

The drop in VAT works out at 12.5% (Current - £100 nett -> £120 gross, New is £100 -> £105, saves £15 which is 12.5% of £120.)
Wonder how many people expect 15% off the gross so £120 -> £102 and complain?

I remember when VAT was first placed on takeaways and many places raised their prices more than the change would warrant. I don't think I mind if places do raise prices a little at this time, the drop in VAT would allow them to do that and still lower the total price to customer and make a bit more profit. Hey both seller and buyer win.

I remember when VAT went up to 20%, pretty sure there were similar 'that doesn't line up right' issues due to the way it's calculated.

---------- Post added at 15:33 ---------- Previous post was at 15:31 ----------

Actually I think I'm thinking of the cut to 15% before that, not the increase!

[Sephiroth]

I would look at the £100 before VAT as per the bill.

I would look at the 5% VAT and note that it was £5 and further mentally note it used to be £20.

Whether or not I got the same food for £105 as I would have got for £120 is a different matter.

Latest Re-Opening News ;

* Outdoor pools will be able to re-open on 11 July.
* Outdoor theatres will be able to start up from Saturday.
* Indoor gyms, swimming pools and sports facilities will then be able to re-open from 25 July.

* Grassroots sport will be able to return from this coming weekend, beginning with cricket (other sports will follow).

* Small pilots of indoor performances with socially distanced audiences will also take place to help work out the best way to get them up and running.

* From Monday 13 June, beauticians, tattooists, spas, tanning salons and other close contact services can reopen "subject to some restrictions on particularly high-risk services".

In the meantime today's death toll in the UK is 85.

[RichardCoulter]

Originally Posted by nomadking

Two separate schemes.

The VAT cut should mean that they can drop their prices to attract more customers. They keep the same amount of money. That would mean redoing prices on the menus.

The 50% discount(up to £10 per head and not including alcohol) is effectively the taxpayer paying that discounted part of the bill. Eg Bill for £15, customer hands over £7.50, the other £7.50 is claimed off the taxpayer.

All the more reason to double-check things, or just post something as a question, rather than as a statement of fact which is false.

I was repeating vertabim what the BBC news said, they went on to say that the money would be credited into people's bank accounts within 3 to 5 days.

It's looking like this was incorrect and a far more sensible idea of giving the discount at the point of sale is to be used.