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New plans to help businesses that trade with Europe prepare for EU exit

Trade Europe

HMRC allocates EORI numbers to all possible traders

More than 88,000 VAT registered companies across the UK will be allocated an Economic Operator Registration and Identification (EORI) number in the next two weeks in order to keep trading with customers and suppliers in the EU after the UK has left.

EORI numbers are a unique ID number allocated to businesses that enables them to be identified by Customs authorities when doing business with other traders. If businesses do not have an EORI number post-Brexit, they will be unable to continue to trade with EU Member States.

As many traders as possible will be automatically allocated an EORI number to enable them to trade smoothly once the UK leaves the EU on 31 October.

Every business will need an EORI number to move goods into or out of the EU after Brexit. HMRC is sending letters to all possible VAT-registered businesses over the next two weeks to advise them of their assigned UK EORI number. 

If your business is not VAT-registered, you still need to register for an EORI number. Getting an EORI number is an easy process that only takes 5-10 minutes. Get started here: http://bit.ly/EORI-number

 

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