Generally, if your business involves imports and exports then you would definitely require an EORI number. The EORI stands for Economic Operator Registration and Identification. The EORI number is important when comes to customs declaration.
Previously, if you import and export between the UK and the EU no EORI number is necessary. However, from 1 January 2021, you need to have an EORI number starts with GB to continue to import and export goods between the UK and the EU countries.
For this purpose, you also have the option to use custom agents to take care of your customs declaration. Basically, the import and export rules apply importers and exporters from the rest of the world would also apply to the EU importers and exporters beginning on 1 January 2021.
The EORI number as imports control
Primarily, the UK government announced that all imports and exports will be treated equally. Hence, the importers and exporters in the EU and in the UK must submit customs declaration and have their goods check. Therefore, it is vital all importers and exporters apply for an EORI number before 1 January 2021. For this, you would require your company’s UTR number, company start date and your SIC code. You may find your company start date and SIC code from your confirmation statement already filed with Companies House. Alternatively, you may get the information from the Companies House website.
The UK government introduced the imports control the following objectives:
- To keep the UK’s borders safe and secure so the UK know who’s coming in and how often, what they are bringing in, and why.
- Ensure the UK treat all partners equally as the UK begins to negotiate own trading arrangements with countries around the world.
- To collect the right customs, VAT and excise duties.
- The EU has said it will enforce checks on the UK goods entering the Eurozone. The UK will likewise enforce own rules for goods entering the UK.