As you may already be aware many VAT registered businesses have been receiving letters from HMRC recommending that an EORI number should be applied for in preparation for Brexit.
In the current climate, subject to further votes, a no-deal Brexit outcome still remains a possibility and regardless of what and when any current rules may change we recommend that all businesses involved with the movement of goods, should apply for an EORI number as soon as possible.
What you do need to do:
• Apply for an EORI number now, which takes 2-3 days
• Apply for Transitional Simplified Procedures, a quick, same day process
• Communicate with your current agent or get one
• Take advantage of Postponed accounting for import VAT
For our full VAT Brexit guide, click here
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The information in this blog should not be regarded as financial advice. This is based on our understanding in April 2019. Laws and tax rules may change in the future.