Government import and export grant now available
The government’s new SME Brexit Support Fund finally opened for business on 15 March. What do businesses need to know?
The scheme provides grants of up to £2,000 to help small and medium-sized businesses tackle the new admin requirements for imports and exports to and from EU countries, or movement of goods between GB and Northern Ireland.
A business can apply for a grant if it:
- has been established in the UK for at least twelve months or holds Authorised Economic Operator status
- has always met its tax or customs obligations
- has no more than 500 employees or an annual turnover exceeding £100 million
- imports or exports goods between GB and the EU, or moves goods between GB and Northern Ireland
- intends to complete import or export declarations internally for its own goods
- requires more capability to cope with imports or exports despite using the services of someone else to complete the declaration documents.
More information including how to apply for the grant is available here
Related Topics
-
Should you use simplified expenses?
The flat rate expense you can claim for business journeys if you’re self-employed has increased to 55p per mile. Can you use simplified expenses for motoring costs and is it more tax efficient to do so?
-
Topping up your spouse’s pension
Company pension contributions are highly tax efficient. As you’ve maxed out your contributions you want to begin adding to your spouse’s pension pot. Can your company make the contributions or do you need to pay out of your own pocket?
-
Electronic VAT return and payment due