If you are an UK-based business who imports/exports goods with the EU from 11pm on Friday 29 March 2019 your business will need to be issued an Economic Operator Registrations Identification number (EORI).
You should have received this letter from HMRC, detailing the steps you now need to take. It can take three days to process an application, therefore we suggest you apply now, if you have not already done so.
If the UK leaves the EU without a deal, or at the end of any transitional period, UK business will need to follow the same procedures that apply for trading with the rest of the world.
If you already have a customs agent or software for trading outside the EU, you’ll be able to use these to make declarations on your EU-UK trade.
If your only trade outside the UK is with the EU, you will need to apply for the Transitional Simplified Procedures (TSP) – an agent cannot do this for you. TSPs are expected to last up to 18 months, and they allow businesses to defer making a full customs declaration and paying any duty due on import.
To register for TSP you must:
- Have an EORI number
- Be established in the UK
- Be importing goods from the EU into the UK (including goods travelling through the EU from the rest of the world, providing they’ve cleared EU customs formalities)
Please note that the EORI number is only relevant for businesses who import and/or export goods as trade. Businesses who only sell services outside of the UK are not required to obtain an EORI number.
As always, any queries, please don’t hesitate to get in touch with us.