Guidance for UK Trade Community Ahead of Brexit

Guidance for UK Trade Community Ahead of Brexit

The UK Government has notified all VAT-registered businesses trading with the EU and other countries, of actions that they must take before the end of the transition period.

These actions include:

* Obtaining a UK Economic Operator Registration and Identification (EORI) number; and
* Making preparations for the new customs procedures.

There will be no changes to the terms of trade with the European Union or the rest of the world during the transition period. This period begins after the UK leaves the EU on 31 January 2020 and will last through 31 December 2020. The new customs procedures will be effective 1 January 2021.

The letter can be viewed here.