What is an EORI Number?

If you are in international trade, you will need what is an EORI number at a certain stage; you will need to apply for an EORI number. You can enjoy several benefits, and this will streamline the procedure of trade by using this number. In this basic blog about EORI number, we will focus on the basics related to who will need to get it and how you can apply it. The process can be done online or over a phone call. So, let us dive further to gather more information.

 

What is an EORI Number?

In the UK, businesses involved in international trade require a unique identifier to comply with customs regulations. This is where the Economic Operator Registration and Identification (EORI) number comes in. An EORI number is a vital component of international trade, ensuring smooth and efficient customs procedures. It’s used to identify and verify the business or individual for customs purposes.

EORI numbers ensure compliance with UK customs regulations. It streamlines customs procedures for importers and exporters, facilitates faster clearance of goods through customs, and enables accurate tracking and recording of international trade transactions. Moreover, it ensures compliance with UK customs regulations and streamlines international trade procedures. It can minimise delays and associated costs and enhance business credibility and competitiveness.

Who Needs EORI Number?

In the UK, businesses and individuals involved in international trade must obtain an Economic Operator Registration and Identification (EORI) number. This unique identifier ensures compliance with customs regulations and streamlines trade procedures.

Businesses importing goods into the UK, exporting goods from the UK, and companies handling international shipments need an EORI number. Also, businesses providing customs brokerage services and companies involved in logistics and supply chain management. Moreover, businesses importing raw materials or exporting finished goods, companies importing products for resale, and businesses importing or exporting agricultural products also need it. Consider companies importing materials or equipment.

If you are an individuals importing or exporting goods, selling goods internationally, you will need it too. In the case of charities importing or exporting goods for charitable purposes and importing or exporting goods for educational purposes, it is required again.

How to Apply for an EORI Number?

Applying for an Economic Operator Registration and Identification number in the UK is a straightforward process. This unique identifier is essential for businesses and individuals involved in international trade. The online application can be done by following these steps.

• Visit the UK Government website
• Search for “EORI number application”
• Fill out the online application form
• Provide the required documents and information

1- Eligibility

Before applying, ensure you are a UK-based business or individual involved in international trade, have a valid UK VAT number, and a valid UK business registration number like Companies House.

2- Application Form Sections

This includes business details, contact information, VAT and tax information, and business activities like importing, exporting, etc.

3- Required Documents and Information

This includes business registration documents like Companies House certificate, VAT registration certificate, National Insurance number, business name and address, along with contact details like email and phone number.

4- Submission and Verification

Submit the application form, receive an email confirmation, and wait for HMRC verification, typically 3-5 working days. Then, you will receive your EORI number via email.

5- Fees and Processing Time

There is no application fee, and it typically takes 3-5 working days. Moreover, you can make a phone call to HMRC’s EORI helpline or send a paper application to HMRC. The address is provided on the UK Government website.

How to Report a Change or Cancel an EORI Number?

If your business or personal circumstances change, you must update or cancel your Economic Operator Registration and Identification (EORI) number. This ensures compliance with UK customs regulations and prevents unnecessary delays or penalties.

Reasons for updating or cancelling an EORI number can be a business name change, address change, VAT registration change, company closure, or change in business activities. Sometimes, merger or acquisition is considered a reason, too. You can online update an EORI number. All you have to do is visit the UK Government website, log in to your EORI account, update relevant information, and submit changes. For updating over a phone call, you can call HMRC’s EORI helpline, provide updated information, and confirm changes.

Required documents for update include business registration documents like Companies House certificate, VAT registration certificate, proof of address, and proof of business name change. If you want to cancel your EORI number online, visit the UK Government website, log in to your EORI account, request cancellation, and confirm cancellation. For phone cancellation, call HMRC’s EORI helpline, request cancellation, and confirm cancellation. There are consequences for not updating or cancelling. This can include penalties, delays, customs clearance issues, and loss of business.

 

The Bottom Line

In conclusion, when you are a part of international trading, it is crucial to understand what is an EORI number and how it will help you in multiple aspects of trading. The process of applying is simple and can be done online, over a call to HMRC or by post as well. This will save you a lot of your time if you opt to apply online. However, the right choice depends on your unique needs in this regard. So get up today to check if you are eligible. If yes, learn what is EORI number, get your number now and enjoy the benefits.

Disclaimer: All the information provided in this article on what is an EORI number, including all the texts and graphics, is general in nature. It does not intend to disregard any of the professional advice.