HMRC have confirmed that small and medium sized enterprises (SMEs) will now be able to apply to the SME Brexit Fund to support them with customs duties and VAT obligations.
The grant can be used either for staff training purposes or to pay for professional advice to help meet a firm’s declaration requirements, in areas such as customs, excise and matters concerning VAT.
HMRC will provide grants up to £2,000.
Businesses will be eligible if they:
This will be an online application process, which we at Lubbock Fine can provide more details on where required.
If you’re looking to find out more on the support scheme or looking for professional advice, please get in touch with our VAT Director, Jaspal Dhillon (firstname.lastname@example.org) or your usual Lubbock Fine contact.