Latest announcement from the government to help SME businesses
SME businesses will soon be able to apply for grants of up to £2,000 to assist with training and professional advice.
UK SME businesses with fewer than 500 employees and no more than £100 million turnover will be eligible to apply for a Brexit support grant, the full criteria can be found below.
There is no getting away from the fact that regulations surrounding imports and exports in a post-Brexit world are incredibly complex. To help combat this, the government has made grants available to support businesses with obtaining training or professional advice on:
- completing customs declarations correctly;
- managing the customs process;
- using customs software and systems; and
- other import / export elements such as VAT, excise and rules of origin or safety and security declaration requirements.
Who can apply?
- have been established in the UK for at least a year prior to submitting the grant application, or hold Authorised Economic Operator status;
- have previously met their tax and customs obligations;
- have fewer than 500 employees;
- have turnover of £100 million or less;
- import / export goods with the EU, or move goods to / from Northern Ireland; and
- are making, or will be making, import / export declarations internally for their own goods; or
- use a third party to make the declarations but also have internal resource to effectively manage the process.
How to apply
The SME Brexit Support Fund grants will be administered by PricewaterhouseCoopers. You will be able to apply online, but, as yet, we do not have a date when applications will open.
Brexit summary guide
In case you missed it, here is the link to our preparing for Brexit summary guide.
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