The government is working towards a no-deal Brexit; the aim is to leave the EU on 31 October 2019. If this goes ahead, then UK businesses need to be aware of how this will affect them.
This is particularly important for businesses having to apply customs, excise and VAT procedures to trade with the EU, in the same way, that already applies for goods and services traded outside the EU.
Businesses will need an EORI number if they plan to move goods in or out of the EU. Without an EORI number, you may not be able to move products which could result in increased costs and delays.
An EORI number is a 12-digit number issued by the HMRC. It is needed now if you are going to send goods to or from the EU. It needs to be quoted in all documentation, for example, customs declarations and clearances. The EORI number is used by and is used by customs systems as an identifier.
If you do not have an EORI number, your good could be held up in customs.
To apply for an EORI number, you need the following information:
To find out more about EORI numbers have a look at the HMRC website – Get an EORI number.
If you need any advice then please do contact us by calling 01623 490 120 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Haidee is our Personal Tax Director and is a fully qualified tax adviser, having achieved the ATT qualification in 2006. Tax efficiency being her main concern. Specialising in taxation, Haidee provides clients with advice on personal tax, PAYE services, VAT and social security. She also provides guidance to new start-up businesses.
Call us today on01623 490120
or email info@watsonk.co.uk
When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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