50 million funding boost for UK customs

Posted by   manager on    30 July 2020

brexit4.JPGHMRC is encouraging customs intermediaries and traders who make their own declarations to take advantage of the funding now.

From today (29 July 2020), customs intermediaries can apply for £50 million of new funding, first announced in June 2020, to increase their capacity to make declarations ahead of 2021.

After the transition period ends, intermediaries, such as brokers, freight forwarders and express parcel operators, will play a critical role for businesses, and the government wants to create conditions for a diverse market.

In total, the government has now made available £84 million to grow the customs intermediary sector to encompass EU trade after 2020. At the moment, agents cover non-EU trade though many, like parcel companies, do operate in the EU market.

Full details are available at https://www.gov.uk/government/news/applications-open-for-50-million-funding-to-boost-uk-customs-intermediaries

 

 You must use the funding to buy software that will help your business to complete customs declarations more efficiently.

It must be a ready-made solution - you cannot use the funding to commission bespoke software.

You can also use the funding to:

  • buy hardware that’s needed for the software to run
  • install and configure the software and hardware
  • buy the first year licence
  • train employees to use the software

You cannot use the funding for unrelated networking costs.

You can also use the grant to reimburse what your business has spent on relevant IT improvements since 12 June 2020.

 

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