13 June 2012
Press ReleasesAccountants and business advisers James Cowper Kreston is warning that importers and exporters dealing with countries outside the European Union are required to obtain an Economic Operator Registration and Identification (EORI) number.
The consequences of not having an EORI can be far-reaching. Without one goods are held by customs, often causing significant supply chain delays, yet the system which was introduced three years ago is often misunderstood or overlooked.
Ruth Corkin, Head of VAT Services at James Cowper Kreston explained: “EORIs are an EU requirement and crucial for all communications with any EC customs authorities. Customs officials throughout the community use the unique numbers as a credibility check. Obtaining one is straightforward and usually only takes 48 hours but it’s surprising how commonly businesses overlook the need to register and become frustrated with the consequences.”
EORIs are linked to VAT numbers and different application forms are available for those registered and not registered for VAT in the UK. It is usually possible to start using the number immediately after applying.
Ruth added: “Not having an EORI can also affect individuals and small businesses who are not usually involved in importing and exporting. A smart new laptop purchased from a US eBay seller or goods for a one-off business exhibition are likely to require an EORI number, for example.”
James Cowper Kreston recommends that anyone who thinks they might be affected seeks advice from their accountant or tax adviser.
Ruth Corkin, Head of VAT Services, James Cowper Kreston LLP, Tel +44 (0)1865 861166 or email