HMRC urges business owners to make sure they are ready for a no-deal Brexit
HMRC has issued a press release urging business owners to prepare now and consider three steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal.
These steps include registering for an Economic Operator and Registration Identification (EORI) number. In the event of a no deal exit, businesses will be unable to continue trading with the EU without an EORI number; however, HMRC figures show that so far just 17% of these businesses have registered.
They have also produced two videos, covering "Importing Goods from the EU in a no deal Exit" and "Exporting Goods to the EU in a no deal Exit" respectively.
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