HMRC launch SME Brexit Support Fund

Released 15 March 2021

HMRC have published details of the SME Brexit Support Fund, which is designed to help smaller businesses with changes to trade rules with the EU.

Smaller businesses can apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. The fund enables traders to access practical support, including training for new customs, rules of origin and VAT processes.

To be eligible, businesses must import or export goods between Great Britain and the EU or move goods between Great Britain and Northern Ireland.

This follows the Government setting out a new timetable for introducing import border control processes to enable UK businesses to focus on their recovery. Full import border control processes will now be introduced on 1 January 2022, six months later than originally planned.

Further information can be found at https://www.gov.uk/government/news/20-million-sme-brexit-support-fund-opens-for-applications.

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