As the UK prepares to leave the EU on 31 October, HMRC has started to automatically enrol all relevant traders that are VAT registered to have EORI numbers. EORI numbers are key to helping businesses trade with the EU once we have left and HMRC is sending letters to businesses over the next two weeks to advise of their assigned EORI number.
Getting an EORI number is the first step that businesses need to action urgently to be prepared for leaving the EU. Traders also need to consider how they will make customs declarations and whether to apply for Transitional Simplified Procedures.
If businesses are not VAT registered and need to continue to trade with the EU, getting an EORI number is an easy process that takes 15 minutes. If businesses are trading in the EU, they will also need to apply for an EU EORI number.
More information and Brexit-related bulletins for businesses can be found in our Brexit News section, which contains useful resources and information for all sectors.