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16/03/2021

SME Brexit Support Fund - open for applications

 

The Government has made £20m available through the current SME Brexit Support Fund. If your business has up to 500 employees and no more than £100m annual turnover you can apply for up to £2,000 through the SME Brexit Support Fund. The fund can help to pay for practical support, including training or professional advice to help you with changes to trade rules with the EU. Businesses can apply for two types of grants under the SME Brexit Support Fund.              

Grant for Training: 

Can be used to provide training on the following: 

  • 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  


Grant for Professional Advice:
 
Can be used to obtain professional advice, so your business can meet its customs, excise, import VAT or safety and security declaration requirements. 
Valid advisory costs include:

  • The expenditure must be directly related to consultancy advice procured by the applicant to enable the business to discharge its obligations to HMRC, such as customs, excise, VAT relating to importing or exporting or safety and security declaration obligations
  • The provision of professional advice on specific aspects of regulations such as clarification of rules of origin or VAT relating to imports or exports
  • Associated costs with the delivery of professional advice – such as the consultant’s travel and subsistence costs and costs of products supplied included within the consultant’s fee and essential to the delivery of the advice


What advice is covered?

Eligible professional advice is contracted by the business from a consultant that is not employed by the business, typically for a daily rate or one-off fee.

Consultants are not defined, recommended, or regulated by HMRC but are expected to be businesses registered with HMRC. Where employees of consultancy businesses provide advice, the invoice should be from the employing consultancy business.

How to apply for the SME Brexit Support Fund Grants:

PricewaterhouseCoopers (PwC) is administering the grants for HMRC. To find out more and apply click here. Applications close on 30th June 2021 or earlier if all funding is allocated before this date.