BREXIT - Prepare to trade with the EU

Have you got your EORI number?

This is the first in a series of articles to help businesses prepare for Brexit. Keep an eye out because these articles will be amended as the negotiations come to a close as the detail will change. 

Are you ready to trade with the EU and the rest of the world?

If you are a UK business trading with the EU or countries outside the EU you will need a GB EORI number. EU businesses will need an EU EORI number to trade with the UK. There will also be changes to the customs information you will need to send with your exports.

Currently goods traded between the UK and EU do not pass through customs and do not require a customs declaration. This WILL change once the transitional period ends on 31 December 2020. All goods travelling between the UK and EU will need to pass through customs and customs declarations will need to be completed.

UK businesses need to make sure they have an Economic Operator Registration and Identification number (EORI) starting "GB". Without this you will be unable to complete export or import documentation.

In August 2019 HMRC sent EORI numbers to all VAT registered. However if you have not received one, or if you are not VAT registered, you can register for your EORI number here. EU-27 businesses that only trade within the EU may not have an EU EORI number, they will need to register for one to be able to trade with the UK after Brexit - now is the time to check with your suppliers that they have this in hand!

The information required for customs declarations can be complex and the forms must be completed online using appropriate software. You should consider whether you might benefit from engaging in a customs agent or freight forwarding cmopany to complete your documentation.

You can find more information in the European Commission's "Brexit Preparedness Checklist"

Should you need any help or advice applying for your EORI number please don't hesitate to give us a call on 020 8434 7000.