BREXIT UPDATE: HMRC issue traders with EORI numbers


The UK tax authority (HMRC) recently announced that it would automatically provide approximately 88,000 businesses with Economic Operator Registration Identification (EORI) numbers.

If the UK leaves the EU on 31 October 2019, then any business moving goods between the UK and EU countries will require an EORI number. Going forward, businesses will need this number to declare exports and to clear goods into the UK and pay any VAT and duties due.

HMRC hope that by automatically providing these numbers, it will reduce possible delays caused by applications for these numbers post-Brexit.

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