GOVERNMENT ISSUES SMALL TRADERS WITH EORI NUMBERS AS NO-DEAL RAMPS UP
August 22nd, 2019.


The government will automatically enrol companies with customs identification they need to keep trading with the EU should a no-deal Brexit happen.


HMRC will allocate more than 88,000 firms with an Economic Operator Registration and Identification (EORI) number in the next fortnight – double the existing number.

These unique identifiers are needed to track companies trading with the EU and collect duties.

Letters informing companies of their EORI number will start arriving as early as today.

Non-VAT registered businesses will still have to apply manually.
So far, 72,000 companies have EORI numbers. A total of 245,000 firms would need one an EORI number in the event the UK leaves the EU without a deal.


For the full story at smallbusiness.co.uk CLICK HERE.