Tag Archive for EORI

EORI number: What it is and how to get or check one

by Ben Lobel • January 13, 2023 • 0 Comments

By Ben Lobel on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

If you’re considering growing your business internationally, or if you have suppliers based overseas, you’ll probably already have heard of an EORI number.

From January 1 2021, businesses based in Great Britain have needed an EORI number (starting with GB) to import and export goods to the EU.

If you’re just getting started in importing or exporting, the registration process can seem daunting. Don’t worry though – we’ve got you covered.

Here’s all you need to know about the EORI system, who should register, how to apply and where to go for more help.

What is an EORI number?

An EORI number – which stands for an Economic Operator Registration and Identification number – is a unique ID code used to track and register customs information in the EU.

It’s used by customs and other authorities to monitor and track shipments coming into and out of the European Union.

Who needs an EORI number?

Companies importing goods into or exporting goods from the European Union need an EORI number. This number is used to exchange information with customs authorities.

As of January 1st, 2021 companies importing goods into or exporting goods from the

EORI number: What it is and how to get or check one

by Ben Lobel • December 10, 2020 • 0 Comments

Originally written by Ben Lobel on Small Business
UPDATED: If you’re considering growing your business internationally, or if you have suppliers based overseas, you’ll probably already have heard of an EORI number.
From January 1 2021, businesses based in Great Britain will need an EORI number (starting with GB) to import and export goods to the EU.
If you’re just getting started in importing or exporting, the registration process can seem daunting. Don’t worry though – we’ve got you covered.
Here’s all you need to know about the EORI system, who should register, how to apply, and where to go for more help.
What is an EORI number?
An EORI number – which stands for an Economic Operator Registration and Identification Number – is a unique ID code used to track and register customs information in the EU.
Who needs an EORI number?
You can register for an EORI number as a business or an individual. Any business importing and exporting goods to the EU needs one, though if you only do digital services then you won’t need one. You also won’t need one if you’re passing goods between Northern Ireland and the Republic of Ireland.
It’s helpful to know that if your company is part of a larger

Hot Business News Today

Getting ready for Brexit – 6 steps you need to take to prepare

by sarahgunton • October 6, 2020 • 0 Comments

Originally written by sarahgunton on Small Business
6 steps to getting ready for Brexit
Here, we guide you through the six steps companies should be looking at if they’re getting ready for Brexit with detailed advice as to how firms can best prepare.
#1 – Tax, tariffs and customers
From January 1 2021, an Economic Operators Registration and Identification (EORI) number is required to move goods into or out of the EU. Register for an EORI number here. All goods imported to the UK will also be subject to UK Global Tariffs from 2021. As a business owner you check what these will be here.
>See also: EORI number: What it is and how to get or check one
If the UK leaves the EU without a deal, there will be new tariffs on many goods and services that are exported from the UK to the EU. Even if a deal is agreed, there may still be tariffs to pay on some traded items. Those goods that we export to the rest of the world that are currently subject to EU-negotiated tariffs will be subject to new duty rules too, many of which have yet to be agreed.
Getting ready for Brexit

Monitor announcements about new foreign tariffs

Hot Business News Today

Getting ready for Brexit – 6 steps you need to take to prepare

by sarahgunton • October 5, 2020 • 0 Comments

Monitor announcements about new foreign tariffs

Hot Business News Today

Government issues small traders with EORI numbers as no-deal ramps up

by Timothy Adler • August 21, 2019 • 0 Comments

Originally written by Timothy Adler on Small Business
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.
Read: EORI number: What it is and hot to get or check one
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.
Earlier this month, the Liberal Democrats revealed that only 27pc of businesses which trade solely with other EU member states had obtained an EORI number.
Businesses without an EORI number will be unable to continue to trade with EU member states.
Government sources accused Philip Hammond, the former Chancellor, of blocking the automatic rollout of EORI numbers while he was at the Treasury.
Earlier this month Chancellor Sajid Javid ordered the Treasury to step up preparations

Hot Business News Today

Small businesses must act now to continue to trade with the EU

by Stephanie Spicer • March 1, 2019 • 0 Comments

Business owners need to prepare now to ensure their business can continue to trade with the EU if the UK leaves without a deal. The warning comes from HMRC which has proffered three steps for businesses to consider in order to do this: Register for an Economic Operator and Registration Identification (EORI) number; Consider how they
The post Small businesses must act now to continue to trade with the EU appeared first on Small Business.