This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Brexit: How to claim grant funding to help cover the costs of completing new customs declarations
27 November 2020

If you are a business who imports or exports products overseas, you may be entitled to grant funding to cover the cost of recruiting, training and adapting your business to the new demands of global trade.

The grant funding scheme comes ahead of the end of the Brexit transition period, after which the UK will be free to implement its own trade policies. This will, however, complicate the import and export procedures of many products at the border.

If grant funding could help your business meet this challenge, here’s what you need to know.

What can I get funding for?

The grant funding initiative could help cover the costs of:

  • Recruitment, training and IT to help your business to complete customs declarations. This includes the salary costs of new employees, where the new employee started on or after 12 June 2020 and intends to help your business complete customs declarations
  • Co-funded training project to help your business complete customs declarations, and/or
  • Trader-training to understand customs.

Is my business eligible?

To apply, your business must:

  • be currently established in the UK
  • have been established in the UK for at least 12 months before submitting the application or hold Authorised Economic Operator status, and
  • not have previously failed to meet its tax obligations.

And meet at least one of the following:

  • complete or intend to complete customs declarations on behalf of your clients
  • be an importer or exporter and complete, or intend to complete, declarations internally for your own goods
  • be an organisation which recruits, trains and places apprentices in businesses to undertake customs declarations, and/or
  • trade with the EU and do not intend to complete your own declarations, but want to undertake customs training.

How much funding is available?

  • Up to £3,000 towards the costs of recruitment for each new employee and up to £12,000 to cover the salary costs of each new employee
  • 100 per cent of the actual costs of externally-provided training for your employees, up to a limit of £1,500 for each employee on the course
  • Up to a limit of £250 for each employee on an internal course, and/or
  • 100 per cent of the costs relating to your IT expenditure to improve the efficiency of making customs declarations.

For help and advice making a claim, please get in touch with our expert Brexit advisory team today.

Other recent news

Too many businesses falling into VAT traps
24 April 2025

VAT is complex, and too many businesses are making costly,…
Read more

900,000 sole traders pulled into MTD for ITSA
24 April 2025

The Government has confirmed that Making Tax Digital (MTD) for…
Read more

Labour introduces harsher penalties for late taxpayers
24 April 2025

The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers…
Read more

Should you submit your tax return at the start of this tax year?
24 April 2025

Submitting your Self-Assessment tax return at the start of this…
Read more

Why capital allowances should be top of your to-do list this April
24 April 2025

The new financial year will see many of the proposed…
Read more

»

Case Studies