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This week saw the launch of the £20m SME Brexit Support Fund, giving small- and medium-sized businesses the opportunity to apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. 

To be eligible, businesses must import or export goods between Great Britain and the EU or move goods between Great Britain and Northern Ireland. They must have fewer than 500 employees and no more than £100m annual turnover.

The grant can be used for training on:

  • how to complete customs declarations
  • how to manage customs processes and use customs software and systems
  • specific import and export related aspects including VAT, excise, and rules of origin

It can also be used to help get professional advice so that businesses can meet their customs, excise, import VAT or safety and security declaration requirements.

A new timetable for introducing import border control processes has been introduced with full import border control processes now being introduced on 1 January 2022, six months later than originally planned. 

For further information about the fund, eligibility criteria, and how to apply, click here.

Other support for businesses

In addition to this fund, there are several support services being offered by the government:

About the Author

Paul Newbold Image

Paul Newbold

Partner
After qualifying with KPMG where he gained significant audit experience, Paul joined Torgersens in 1991 and became the firm’s audit partner in 2000. Paul employs his broad range of financial skills to provide commercial and accounting advice to a range of owner-managed businesses in the independent retail, education and professional services sectors. He also has extensive experience dealing with charities, Registered Social Landlords and not-for-profit organisations and co-operatives.   Outside of work, Paul likes to visit Eastern France and South-West German and read novels by David Morrell, Michael Blake and Harper Lee. He also likes watching films, his favourite is The Shawshank Redemption.

To get in touch please e-mail paul.newbold@torgersens.com.

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