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Scotland’s enterprise and skills agencies are urging all businesses in Scotland to continue to actively prepare for changes taking place from 1 January 2021 following the EU transition (Brexit) period.
The trading relationship between the United Kingdom and the rest of the EU changed when the UK voted to end its participation in the EU’s Single Market and Customs Union.
There are two potential outcomes when the transition phase ends. The UK will either leave the EU with a deal, or without. The deadline for this decision is 31 December 2020. And no matter the outcome, the changes are likely to impact businesses.
Businesses should act now to identify what the shifts mean for their operations before making the changes to systems, processes, staffing and potentially business models.
Up-to-date advice and guidance and support on these changes and how to prepare can be accessed via www.prepareforbrexit.scot.
This includes:
HMRC Customs Grant Scheme
HMRC have updated the conditions of their Customs Grant Scheme. These changes allow greater amounts of money to be granted and more businesses to access the funding, in order to help ensure they are ready to trade with the EU after the transition period ends.
Three key additions have been made to the scheme:
Businesses with AEO status who are established in the UK for less than 12 months can also now access the grant scheme. This will encourage new entrants to the intermediary market.
If a business completes customs declarations they can apply for funding towards the following areas:
Recently launched (Nov 2020) – companies can access support for:
Co-funded training project – business can access up to 2 million euros of funding for a new training project where they co-invest
Trader training – Traders who are new to customs and who don’t plan to complete their own declarations can apply for grants of up to £1,000 per organisation to support the cost of basic customs training.
Find out more by Signing-up to receive the latest email updates on EU Transition (Brexit) guidance and support for businesses in Scotland
For more information, visit https://www.prepareforbrexit.scot/