Leaving the EU on 31 October 2019 means there will be immediate changes to the way UK businesses trade with the EU that may impact your business.
This includes UK businesses having to apply customs, excise and VAT procedures to trade with the EU, in the same way that already applies for goods and services traded outside the EU.
Customs intermediaries grant scheme
HMRC have announced £16 million in new government funding is now available to help businesses prepare.
Businesses based in, or with a branch in the UK can apply for funding ahead of the UK leaving the EU. Grants can be used to support:
- training costs for businesses who complete customs declarations, or who intend to in the future
- IT improvements to help your business complete customs declarations more efficiently.
To ensure maximum impact, the second wave of the grant scheme allows businesses to apply for the full cost of training, within certain limits as set out in the HMRC guidance.
Further information about EORI numbers
HMRC have published an Economic Operator Registration and Identification (EORI) number mythbuster, which hopefully dispels common misconceptions about EORI numbers.