Small to medium sized businesses can now apply for grants of up to £2,000 from HMRC’s new £20 million SME Brexit Support Fund. The financial support is intended to help smaller businesses adapt to new customs and tax rules when trading with the EU.
Katherine Green and Sophie Dean, HMRC Directors General, Borders and Trade said ‘We recognise that changes to customs rules have been challenging for small and micro businesses. The UK’s small businesses are vital to the growth and prosperity of our economy, so we look forward to supporting them with practical help doing business with our European partners, on top of a wide range of support available from government.’
The grants are aimed at SMEs whose overseas trade has been exclusively with EU countries and who therefore lack previous experience of dealing with all the paperwork and regulations around importing and exporting.
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