Grant Funding Now Available For Brexit Costs
HMRC have announced that a £16m fund has been made available from which businesses can claim grants to cover certain costs associated with Brexit.
Two grants are available, one for training costs and another 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, your business must have a UK establishment and a good tax record.  For the IT grant,
the business must have under 250 employees and an annual turnover of less than Euro 50 million.
Naturally, there are 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 and further details can be found here.

Get in touch - If you'd like to find out more about how we can help you and your business pay less tax, generate more profits and create long-term wealth for you and your family, please get in touch now