Further to our recent news item, VAT-registered businesses to be automatically allocated an EORI number, we thought it was worth emphasising that the converse is also true.
If a business is not VAT-registered, it won't have had an EORI number allocated automatically, but it will still need to register for one if it wants to trade with customers and suppliers in EU Member States post Brexit. Information on how to register can be found here
EORI numbers are the unique ID number allocated to businesses that enable them to be identified by Customs authorities when doing business with other traders. Some businesses have already applied for an EORI number and others, which trade outside the EU, will already have one anyway.
To make sure businesses are ready to trade post-Brexit, HMRC has recently allocated an Economic Operator Registration and Identification (EORI) to more than 88,000 VAT registered companies across the UK, whether they asked for one or not. If businesses do not have an EORI number post-Brexit, they will be unable to continue to trade with EU Member States.
Remember also that after getting an EORI number, businesses will need to decide whether to complete customs declarations themselves, or employ a customs agent to do this. If employing a customs agent, businesses will need to supply their EORI number. Information to inform this decision can be found here
Traders also need to decide whether to apply for Transitional Simplified Procedures to make it easier to import goods from the EU. Find out how to register here