Articles24 Nov 2022
Autumn Statement – Duty Tariffs
Temporarily suspension on duty tariffs on over 100 types of goods imported to UK
Articles
Grants to help SMEs with new trade rules
The Government has recently announced grants of up to £2,000 to help SME’s trade with the EU following the new Brexit rules. This will help small businesses handle changes to trade rules with the EU that have come into force from 1st January 2021.
Businesses have struggled to cope with new regulations for customs, rules of origin and VAT.
Trading businesses will be able to use the grant to pay for practical support, including training and professional advice for importing and exporting.
As always there are a number of criteria which businesses will need to meet to be eligible to apply. The main conditions are that businesses must:
Applications for the grants will need to be submitted online, but at the time of writing, the application portal had not opened.
We will provide a further update when the online application portal is available.
Further details can be found on the Gov.UK website.
If you have any questions on this matter then please do contact us.
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Having now fully exited from the European Union, the UK continues to be an attractive location to site an international holding company since not only does it offer a relatively stable legal, political and economic system it also has an attractive tax regime in its own right and extensive tax treaty network with the rest of the world