Brexit: Claiming Grant Funding to Complete Customs Declarations – Ready or Not?

If you are a business that either imports  goods from or exports goods overseas, you could be entitled to grant funding to cover the cost of IT, recruiting, training and to adapt your business to the new changes effective 1 January 2021.

The grant funding scheme is in place ahead of the end of the Brexit transition period.

If grant funding could help your business meet this challenge, here’s what you need to know.

1. What can I get funding for?

The grant funding initiative helps to cover the costs of:

  • Recruitment, training and IT to help your business to complete customs declarations. This includes the salary costs of new employees, where the new employee started on or after 12 June 2020 and intends to help your business complete customs declarations
  • Co-funded training project to help your business complete customs declarations, and/or
  • Trader-training to cover the cost of training your staff if you are new to customs as a result of the UK leaving the EU and do not plan to complete your own declarations.

2. Is my business eligible?

To apply your business must not have previously failed to meet its tax obligations and either:

  • currently be established in the UK
  • have been established in the UK for at least 12 months before submitting the application or hold Authorised Economic Operator status

And meet at least one of the following:

  • complete or intend to complete customs declarations on behalf of your clients
  • be an importer or exporter and complete, or intend to complete, declarations internally for your own goods
  • be an organisation which recruits, trains and places apprentices in businesses to undertake customs declarations, and/or
  • trade with the EU and do not intend to complete your own declarations but want to undertake customs training.

3. How much funding is available?

  • Up to £3,000 towards the costs of recruitment for each new employee and up to £12,000 to cover the salary costs of each new employee
  • 100% of the actual costs of externally-provided training for your employees, up to a limit of £1,500 for each employee on the course
  • Up to £250 for each employee on an internal course
  • 100% of the costs relating to your IT expenditure to improve the efficiency of making customs declarations, and/or
  • Up to £1,000 per organisation for trader-training where you do not intend to complete your own declarations.

Further limits are in place for state aid limitations and co-funded training projects.

To apply for the grants, <click here>.

For help and advice making a claim, please get in touch with our expert Brexit advisory team today.

Posted in Brexit.