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.
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