AUTOMATIC REGISTRATION FOR COMPANIES TO CONTINUE TRADING AFTER BREXIT

The Times on 21st August reported that, with many companies said to have not applied for the requisite registration number from HMRC for exporting after Brexit (an EORI number), it has been announced by the Chancellor that says that 88,000 British businesses will be automatically authorised to trade in the EU to minimise the disruption.  In the following 2 weeks businesses registered for VAT will be given an Economic Operators Registration and Identification number.  Those without a number after Brexit will be unable to trade with counterparts in the EU.  It says that about 240,000 British companies trading solely with the EU will require the code to carry on importing and exporting, but only 72,000 have applied.

https://www.thetimes.co.uk/edition/news/automatic-registration-for-firms-to-continue-trading-after-brexit-qb2hng95b

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s