Budget Newsletter from RMT Accountants & Business Advisors
March 4, 2021
The Government has announced the launch of a £20 million SME Brexit Support Fund, intended to help SMEs with the new rules that apply to trading with the EU following the end of the Brexit transition period.
The fund offers grants worth up to £2,000 to enable businesses who trade only with the EU and who are, therefore, new to importing and exporting to access support, including training and professional advice to ensure they can continue trading with the EU.
This includes training on:
Additionally, the grant can be put towards professional advice relating to meeting customs, excise, import VAT and safety and security declaration requirements.
Businesses are eligible for the fund if they:
They must also meet one of the following conditions:
Details of how to apply are expected in the coming weeks.
Between April and July this year, new important control measures will be introduced in three stages, after which businesses will need to complete import declarations. The new funding will assist businesses in preparing for these changes.
Please contact us today for advice on continuing to trade with the EU.