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SMEs needing advice on imports and exports can apply for grants, HMRC confirms

Small and medium-sized enterprises (SMEs) requiring advice on imports and exports will be able to apply for a grant of up to £2,000, HMRC has confirmed.

26 Feb 2021

Small and medium-sized enterprises (SMEs) requiring advice on imports and exports will be able to apply for a grant of up to £2,000, HMRC has confirmed.

HMRC recently published guidance on the grants available to SMEs under the government's SME Brexit Fund. As part of the scheme, businesses with up to 500 employees and a turnover of up to £100 million will be entitled to apply for a grant of up to £2,000 to pay for professional advice or employee training.

The grants are designed to help businesses that are new to importing or exporting goods meet customs, excise and import VAT requirements. To be eligible for a grant, a business must have been established in the UK for at least 12 months and is required to have met all its tax and customs obligations.

Businesses will need to outline that they are new to importing or exporting and that they are UK established.

The guidance also states that the grants can be used to pay for professional importing and exporting advice.

More information can be found here.

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020 7794 5757

Numera, 4th Floor Charles House, 108-110 Finchley Road, London NW3 5JJ

Numera is a trading name of Numera Partners LLP | Company Registration No. OC365787 | Place of Registration: England & Wales | Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales.

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Numera is a newly established forward-thinking firm of chartered accountants, with over 25 years in experience of audit, accountancy, taxation and business advisory services.

We work with clients in a large variety of industries and sectors; from sole traders to multi-million pound turnover organisations. We aim to create and maintain a close relationship with our clients. By being so involved, we are able to identify opportunities for our clients as well as possible risks that our clients may be faced with.

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