Government announces preparations for businesses for Brexit

Hillier Hopkins LLP

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HMRC have announced that they will be automatically issuing a UK EORI (Economic Operator Registration and Identification) number to all VAT registered businesses who do not already have one. 

The EORI numbers are a unique ID code allocated to businesses that enables them to be identified by customs authorities when doing business with other traders. Businesses will be receiving them in the upcoming weeks in letter form to prepare for them to trade post-Brexit on 31st October 2019. If your business is not VAT-registered, you will still need to apply now for a UK EORI. HMRC cannot give you this automatically.

If businesses do not have this number post-Brexit, they will be unable to continue to trade with EU Member States.

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Ruth Corkin - Prinicipal - VAT and Indirect Tax Advisory at Hillier Hopkins

Ruth has been involved with VAT for over 30 years. She started her VAT career as a Customs and Excise Officer in Essex and then moved into consultancy with a variety of well-known accountancy firms. She is well known in the VAT world and is the proud author of many articles and technical works.

Contact Ruth at ruth.corkin@hhllp.co.uk or on +44 (0)1908 713860

Based at the following office - Milton Keynes, Watford and London