HMRC has issued a reminder that smaller businesses can apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU.

The £20 million SME Brexit Support Fund is designed to enable traders to access practical support, including training for new customs, rules of origin and VAT processes.

Small and medium sized businesses that trade solely with the EU – and are therefore new to importing and exporting processes – are encouraged to apply for the grants.

To be eligible, businesses must import or export goods between GB and the EU or move goods between GB and Northern Ireland. The scheme will close on 30 June 2021 or earlier if all funding has been allocated.