On 31st October 2019, the UK is set to leave the European Union. As a result, HMRC has announced a £16 million grant fund for businesses to claim grants to fund IT improvements and employee training costs related to Brexit, specifically customs declarations.
What could your business be entitled to claim?
To qualify for the Brexit cost grants, the costs must relate to the completion of customs declarations for imports from or exports to the EU, whether the declarations will be completed for the business itself or for other businesses. The grant will cover help to cover the cost of:
- Training which assists the business to complete processes and customs declarations
- Improvements to IT infrastructure which will help the business to efficiently complete any customs declarations.
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.
Is my business eligible to claim the new Brexit grant fund?
To be eligible for the grants, the business must have a UK establishment and must not have previously failed to meet tax obligations. To be eligible for the IT grant, the business must have a maximum of 250 employees and an annual turnover of less than 50 million Euro.
How can I make a claim?
In order to make a claim for either grant, you will need to provide:
- registered company name and number
- contact details
- VAT number (if this applies)
- Unique Taxpayer Reference (UTR)
- most recent utility bill
When making an application for the training grant, you will also need to provide a quote for the cost of the training alongside the CV of the trainer if the training will be delivered internally.
When applying for the IT improvements grant, you will need to be able to provide details of any software you intend to buy, along with quotes for the cost of buying and installing the software and any related hardware and the cost of training employees to use the software.
The deadline for applications is 31st January 2020, however this may be earlier if the funding is fully allocated.
Applications can be made online via https://www.customsintermediarygrant.co.uk/.