As the ever increasing levels of media communication ramp up into the final few days before the 29th March, it can be tricky picking out what is relevant or more than just an opinion. Despite the information deluge, there are still some key actions that still need to be taken by businesses to mitigate risk in the background. One of these is getting yourself an Economic Operator Registration and Identification (EORI) Number.
- HM Revenue and Customs (HMRC) uses this number to identify you and collect duty on your goods.
- You may have increased costs and delays if you do not get an EORI number. For example, if HMRC cannot clear your goods you may have to pay storage fees.
- If the UK leaves the EU without a deal, you’ll need an EORI number that starts with GB to continue trading with the EU after 29 March 2019.
If you do not already have one, you can apply now, even if you do not use it. It only takes 5-10 minutes to complete and 3 days to be verified.
Please visit this link to apply: https://www.gov.uk/eori