EORI numbers: preparing for BREXIT

EORI numbers: preparing for BREXIT


As no-deal BREXIT preparations gain momentum, businesses that trade internationally will automatically be assigned an Economic Operator Registration and Identification number.

An EORI number is used by customs and other authorities to monitor and track shipments coming into and out of the European Union.

To trade internationally, a business or individual based in the EU needs to have an EORI number. If your business operates in multiple EU countries, you’ll need to have this number for each country.

Over the next fortnight, HM Treasury and HMRC will allocate EORI numbers to over 88,000 companies. That’s in addition to the 72,000 firms who’ve already registered.

RHA chief executive, Richard Burnett has long called on the government to take this action but warns that firms still don’t have the clarity they need to fully prepare for a ‘no-deal’ scenario. 

“This is a long overdue move that will keep UK businesses trading with customers and suppliers in the EU – but it’s only the beginning of the process. Traders still aren’t getting the information and support they need to tackle the customs formalities they’ll be facing after Brexit.”

Hauliers should also be aware that this automatic process will only benefit VAT registered businesses.

Any firm which isn’t VAT registered will still need to apply for an EORI number via the HMRC website.

 

To find out more about EORI numbers and how to register, click here.

Related News

Member Log-In

Welcome to the SBRC Members Lounge, login details will be issued to members in due course.


Forgot password?