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EORI Numbers Simplified: A Complete Guide for UK and EU Businesses
This is a great idea. You have been able to identify a
reliable manufacturer, thereby giving you a competitive edge in the target
market. The fact that the manufacturer is in another country should not be an
issue for your business plan.
After you complete the selection, you order for the first time. As the goods enter customs, the customs officer or freight operator contacts you, with the familiar line: "We need your EORI number."
This happens more frequently than the average person might
imagine, and this is the reason why learning about the EORI number is so
essential. The very last thing that you would desire is for your initial order
to be held up in customs due to a failure to submit the right documentation. In
order to help business owners and individuals navigate through this, Fair View
Accountants has developed a complete guide regarding the EORI number.
What is an EORI Number?
The EORI number is a unique identification code established by the customs authority of any EU member state. It's an essential identification number for any business engaged in customs activities as it makes things easier and complies with all regulations across EU borders.
The main reason for the EORI number is to unify the tracing
of goods leaving or entering the EU. The identification can be used by customs
authorities to easily track and handle shipments while avoiding paperwork and
the risk of mistakes. This simplifies the process of international trade
procedures and also helps comply with local and international rules.
Who Needs an EORI Number?
It means anyone - either an individual or a company that
makes commercial activities about importing and exporting, shall apply for an
EORI number. Domestic firms, branches or permanent establishments of
non-domestic persons have also been considered and covered for conducting
customs operations.
But if you import goods personally and are only performing
fewer than five customs operations annually, in general, you are exempted from
an EORI number. This does separate the business end of trading and makes the
less frequent imports more accessible to those people doing the importing
occasionally.
How is the EORI Number Formatted?
The EORI number has a straightforward format. It begins
with the country code, followed by the tax identification number. For instance,
if your tax identification number is A99999999, your complete EORI number will
appear as UKA99999999.
The ease of the format makes it easy for customs officials to spot and verify
the number quickly. It also gives companies an easy means of integrating the
identifier into their documentation and procedures.
Why is the EORI Number Important?
EORI number plays an important role for a variety of
reasons:
- Customs Clearance: Your products will not be able to clear customs without an EORI number, causing delays and even penalties.
- Streamlined Communication: It enables the interaction between companies and customs officials.
- Compliance with Laws: An EORI number ensures compliance with EU laws, thereby reducing the chance of facing any legal issues.
- Cost efficiency: Business saves money and keeps on running smoothly by avoiding delays and fines.
How to Obtain an EORI Number
Steps to Apply for an EORI Number
- First, you have to apply. This is done by filling out certain forms, like WRP-0001, where you give the most important information about your business. This includes the type of business, nature of activity, and contact details.
- Second, you attach the necessary documents. These may include a copy of your business registration certificate, proof of registration with the tax authority, and a copy of your passport.
- Once you have sent in your application, expect your application to be processed for about 48 hours. Applications are free. For further procedures, please log on to the UK Government's EORI Application Page.
For detailed guidance, visit the UK Government’s EORI Application Page.
Common Errors of the Application Form for EORI Number
- Insufficient document submission: Fill all the document forms to avert delay.
- Providing inaccurate information: The application form filled in should contain the correct details.
- Late filing of the form: File this form well ahead of time.
How to Check the Status of Your Application
After submitting your application, you can check its status through the customs authority’s online portal or contact their support team for updates. This step ensures transparency and allows you to address any issues promptly.
Accounting Services Watford: Helping with EORI Numbers
If your business plans include customs operations, Fair
View Accountants in Watford will provide you with expert guidance to suit your
needs. You can rely on their Customs Compliance Assistance and International
Trade Support services for the help you require.
Contact
us for Customs Compliance Assistance and International Trade
Support services for tailored guidance. We ensure that your application process
is smooth and hassle-free, allowing you to focus on growing your business.
For more insights, check out our blog on The Strategic Advantages of Hiring Professional Accounting Services.
Conclusion
An EORI number is important to any enterprise trading
across borders. This number helps identify businesses with regard to customs
laws. It plays a very important role in the effective flow of activities when
goods are being transported or moved across borders. In case a business does
not possess an EORI number, its shipments might experience delays at customs,
or they might be subjected to extra costs, which translates into losing sales
and damaging relationships with customers.
Specialized in EORI application process for
businesses, Fair View
Accountants in Watford makes sure your business stays on the right
side of legal requirements. Our team assists you with customs compliance and
supports your international trade efforts. We customise our solutions to meet
the specific needs of your business and make it work better in the global
market.
Start today, and get the professional advice you need to
achieve your specific objectives. You may also apply for an EORI number
directly on the UK Government's EORI Application Page.
Overcome the technicalities of trading internationally. Act today toward smooth
trading through the acquisition of your EORI number.
FAQs
Can I use the same EORI number for multiple
countries?
Yes, your EORI number is valid across all EU member states.
Do I need an EORI number for personal imports?
No, EORI numbers are only required for commercial trade activities. Personal imports typically do not require an EORI number unless they exceed certain thresholds.
How long does it take to get an EORI number?
Most applications are processed within 48 hours, but it’s advisable to apply early to account for any unforeseen delays.
What happens if I don’t have an EORI number?
Without an EORI number, your shipment will be kept at customs. This will be subject to storage charges and, worst of all, you may not make the important delivery dates.
How do I renew my EORI number?
EORI numbers are generally not renewed unless the business details have changed. In case changes do happen, then you are to update the customs authority relevant with your information.
How can I verify an EORI number?
You can check an EORI number on the European Commission's EORI validation tool accessible on their website.
Is an EORI number required outside the EU?
Even though the EORI number is specific to the EU, there are similar systems in other countries. For example, after Brexit, an EORI number is necessary for importing and exporting to or from the UK.
Can non-EU businesses obtain an EORI number?
Yes, non-EU businesses can apply for an EORI number if they engage in customs-related activities within the EU.
What if my EORI application is rejected?
If your application is rejected, review the provided
reasons, correct any errors, and resubmit. You may also seek professional
assistance for a successful application.
Are there penalties for operating without an
EORI number?
Yes, operating without an EORI number when required can result in fines, delays, and other legal complications. It’s essential to comply with regulations to avoid these issues.
What should I do if I lose my EORI number?
If you lose your EORI number, contact your local customs authority to retrieve it. They will guide you on how to recover or confirm your number.
Can I use my EORI number for online
marketplaces?
Yes, if you sell goods internationally through online platforms, you’ll need an EORI number to comply with customs regulations.
Are there fees associated with obtaining an
EORI number?
No, obtaining an EORI number is generally free of charge. However, you may incur costs if you hire a professional service to assist with the application.