February 7, 2019
If you trade with the UK, then Brexit brings with it very significant challenges for your business.
When Brexit happens, and it will, customs procedures will apply to trade and movement of goods with and through the UK. That means you must comply with certain customs requirements. Advance planning by you is vital, otherwise your business will experience potential delays on imports or exports.
We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly have taken a look at the need for having an EORI in place.
If you have done that planning work already then you have taken important steps that will reduce the risk of serious negative impacts on your business when Brexit happens.
If you are unaware of what you need to do to plan for Brexit and/or have taken no practical steps to prepare for Brexit, then the challenges to your business are real and possibly very significant.
If you are a trader who imports or exports goods into or out of the European Union (EU), you will need a unique EORI number. This number is valid throughout the EU. It is used as a common reference number for interactions with the customs authorities in any Member State.
If you are a trader who imports or exports goods into or out of the European Union (EU), you may have had your EORI number aligned to your existing Value Added Tax (VAT) number. This was generally done for economic operators that held a customs and excise registration when EORI was introduced in 2009.
An EORI number is assigned to an individual legal identity (i.e. sole trader, partnership, company or individual) by your local member state (so if you’re in the Ireland – by Revenue) and that EORI number is then used to identify you and your shipments across all EU countries.
And really it’s as simple as that – it is just a number given to importers and exporters throughout Europe that can be easily and consistently identified by customs.
How does EORI work?
The EORI system has two separate and distinct elements to it, one at national or Member State level and one at EU level.
National EORI system
At national level, each Customs Authority assigns a unique identifying number (the EORI number) to each trader who interacts with Customs. Traders are required from 1 July 2009 to use this number in all customs declarations lodged by them or on their behalf, irrespective of the Member State in which those declarations are lodged. This number is valid for use in all Member States.
Central EU EORI database
Revenue will be obliged to provide details to the European Commission of all those traders who have been assigned an EORI number. These details will be held on a central EU database maintained by the European Commission, which will also contain similar information provided by the other 26 Member States. Updates to Revenue’s national EORI database will be advised to the central EU database at regular intervals.
Structure of EORI number
All Irish EORI numbers will be prefaced with the prefix IE. In line with the decision to align the EORI number with the VAT number, the vast majority of EORI numbers will be equivalent to the trader’s VAT number. This will mean that for the vast majority of traders, the EORI number that they will be inserting in import and export declarations will be exactly the same as their current VAT number, except with the prefix IE
Use of EORI number in declarations
The EORI number will have to be used in boxes 2, 8 and 14 of the SAD declaration. However, it should be noted that the EORI number will not replace the Accounting reference number (box 48) which governs the payment of duties and taxes.
Traders not currently using AEP
As previously indicated, all traders using AEP up to 1 July 2009 will be automatically assigned an EORI number to use from that date. Subsequently, any trader who wishes to import or export goods, will need to inform Revenue in advance of making the customs declaration in order to have an EORI number assigned.
How does a trader register for EORI?
It is necessary for any trader interacting with the AEP system for the first time after the 1st July 2009 to register for EORI. This may be done by contacting their local Revenue office.
For further information try contacting firstname.lastname@example.org Alternatively, Phone 1890 204 304 and
We at JOHN M. SHANAHAN & CO. are here to help you with all your accounting, business, financial and taxation requirements, by providing expert, specialist and professional service tailored to meet your needs.