SME Brexit Support Fund

(asked on 18th March 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government whether small and medium-sized enterprises (1) that were trading with the EU prior to 1 January, and (2) that trade with other countries, will be eligible for the SME Brexit Support Fund if they meet the criteria.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 31st March 2021

Small and medium-sized enterprises that were trading with the EU prior to 1 January are eligible for the SME Brexit Support Fund if they were only trading with the EU and so need to adjust to new customs, rules of origin, and VAT rules.

If a small or medium-sized enterprise traded with the EU prior to 1 January and trades with other countries (i.e., non-EU countries), then they are not eligible for the SME Brexit Support Fund as they have no need to adjust to new customs, rules of origin, and VAT rules.

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