The EORI System – Brexit and International Trade
Monday September 2nd, 2019
On 21 August the Chancellor announced that HMRC is stepping up efforts to ensure businesses are ready to trade post-Brexit by automatically enrolling companies in an important customs system and doubling the numbers registered. If businesses do not have an EORI number post-Brexit, they will be unable to continue to trade with EU Member States.
If you are looking to grow your business internationally, you will need to be familiar with the EORI system.
What is a EORI number?
EORI stands for “Economic Operators Registration and Identification number” – a unique ID code used to track and register customs information in the EU.
The number will be made up of two parts: 1) The country code of the issuing Member State; followed by 2) a code or number that is unique in the Member State.
Who needs an EORI number?
You will require an EORI number if you are planning to import or export goods with countries outside the EU – whether you are a business or an individual. If your company is part of a larger holding group, then the application for an EORI number must be processed by the parent company, not the subsidiary. If you do not get one, you may have increased costs and delays. For example, if HM Revenue and Customs (HMRC) cannot clear your goods you may have to pay storage fees.
How do I get an EORI number?
Before submitting your application for a new EORI number, check that your company is not already registered, because if your company is registered for VAT, it may have already been issued an EORI number automatically.
The application will take a matter of minutes and you can expect a response within approximately 3 days.
You can find guidance on the next steps on the gov.uk website.