The Department for International Trade has provided documents relating to the UK’s agreed and proposed new trade arrangements to replace the current EU agreements in the instance of a no deal Brexit.
The Department for international Trade has provided clarification on rules governing trade with other countries in the instance of a no-deal Brexit. Members are encouraged to review country-specific trade regulations, which relate to the WTO rules.
The Chancellor announced that as many traders as possible will be automatically allocated an Economic Operator Registration and Identification (EORI) number to enable them to trade smoothly once the UK leaves the EU on 31 October. Every business will need an EORI number to move goods into or out of the EU after Brexit.
HMRC is sending letters to all possible VAT-registered businesses over the next two weeks to advise them of their assigned EORI number. If your business is not VAT-registered, you still need to register for an EORI number. Getting an EORI number is an easy process that takes 5-10 minutes. Getting an EORI number is only the first step that businesses need to action urgently to be prepared for leaving the EU. After getting an EORI number, businesses need to decide how to make customs declarations. Traders can complete these themselves or employ a customs agent to do this.