If you are a UK business and you are trading with the European Union by importing or exporting goods, you will need a UK EORI number to continue trading after Brexit.
EORI is short for Economic Operators Registration and Identification Number. This is used by custom authorities throughout the European Union.
This unique number is used to monitor and track shipments coming into and out of the EU. HMRC will use this number to identify you and collect duty on your goods.
You do not need an EORI number if you intend only to import or export:
- Goods to Ireland across the Northern Ireland–Ireland land border. But be aware that HMRC is issuing changes to this in due course.
- Services that do not involve moving physical goods.
With Brexit looming on the horizon, if you do not have a UK EORI number you could experience increased costs and delays with your imports and exports, so we recommend you act quickly.
You can apply for an EORI even if you are not sure if you will use it. An EORI number is not always immediate and can take up to 3 days to receive. Apply here: https://www.gov.uk/guidance/get-a-uk-eori-number-to-trade-within-the-eu#how-to-apply
If you need any more information or advice call Vincent & Co on 01803 500500 and avoid being caught out – the damage to your business could be extensive.