As the United Kingdom enters the final transition period for Brexit, we are now on the countdown for the impending changes which kick in from 1st January 2021. In a previous post, we reviewed the GDPR, this time we explain more about how you can get an EORI number.
What is an EORI number?
In the UK, an Economic Operators Registration and Identification number (EORI) number is assigned to importers and exporters by HMRC.
It is used in the process of customs entry declarations and customs clearance for both import and export shipments traveling to or from the EU and countries outside the EU.
So, if you move goods between the UK and non-EU countries, you need an EORI number. This could also include moving goods to Northern Ireland from mainland UK.
What happens if I don’t have an EORI number?
If you do not have an EORI, you may have increased costs and delays. For example, if HM Revenue and Customs (HMRC) cannot clear your goods you may have to pay storage fees.
How do I get an EORI number?
You can apply for an EORI number on the HMRC website here. It can take up to a week to process so the sooner you make the application the better.
What can I do with an EORI number in Business Central?
Adding a field to your company data within Business Central to include your EORI number may be useful.
You may want to include this information next to your VAT and company registration data so it is easy to review.
You could also look at ways to add this information to your sales transaction documents or reports if necessary.
Your Business Central support partner can help you with this. Looking for a new NAV or Business Central partner? We can help with that too.