Businesses are being reminded to find out how Brexit will affect them and how to prepare by visiting the Government website.
HM Revenue and Customs (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, the Chancellor announced in August.
More than 88,000 VAT registered companies across the UK have been allocated an Economic Operator Registration and Identification (EORI) number in order to keep trading with customers and suppliers in the EU after the UK has left.
72,000 companies have already registered for EORI numbers. With Brexit preparations accelerated under the new government, ministers are taking decisive action to speed up the rollout of the scheme to help ensure the smooth transit of goods.
EORI numbers are a unique ID number allocated to businesses that enables them to be identified by Customs authorities when doing business with other traders. If businesses do not have an EORI number post-Brexit, they will be unable to continue to trade with EU Member States.
Businesses that are not VAT-registered will still need to register for an EORI number. Getting an EORI number is an easy process that takes 5-10 minutes.
Get started by visiting the website here.
To find out what your business needs to do to get ready for 31 October, visit the Government website.