Carousel_Arrow Chat icon_cookie IHT_trust_wills IR35 Combined Shape 2 Group 10 Login Mobile Menu Share Share Email SubMenuMobile Group 9 VAT View_Gallery View_List capital_allow Triangle 2 Copy Close construction cyberpro employment_tax_shares emplyer_solutions entrepreneurs_corps fee_protect Group 7 grant_fund Group i_Clock i_Consult i_Done i_Eligibility_Tick i_Enter i_Filter i_HMRC i_Negative i_Play i_Plus i_Reset i_Support_Legal i_Support_TaxDesk i_Support_VAT i_Tick noun_marketing_1872083 noun_online_2126759 i_download i_meet Group Copy 24 Group 18 noun_electrical_1240755 copy noun_Technology_2125422 noun_Science_2031115 i_tick_bullet_block international_tax patent_box private_client property_sdlt r_and_d reliefs_incentives Search specialist_tax status tax_indemnity valuation YouTube
Markel Tax

16 Sep 2019

Grant funding for Brexit costs

HMRC has announced that a £16m fund has been made available from which businesses can claim grants to cover certain costs associated with Brexit.

There are two grants available, for training costs and for IT costs.  The costs must relate to the completion of Customs declarations for imports from or exports to the EU, whether the declarations are (or will be) completed for the business itself or for other businesses.

Each business is eligible to receive up to Euro 200,000 for IT costs and up to £250 per person for in-house training or up to £2,250 per course.

To be eligible for the grants, the business must have a UK establishment and a good tax record.  For the IT grant, the business must have 250 employees or fewer and an annual turnover of less than Euro 50 million.

There are information requirements and time limits, so applications should only be made when each business is prepared.  However, speed is of the essence as the opportunity will close once funding is fully allocated (latest 31 January 2020).  Applications can be made online where further details can be found here.

Tagged Value added tax (VAT) services
Next article in series

11 Sep 2019

Our response to the draft IR35 legislation