-Businesses not registered will not be able to trade with UK after Brexit–
Fianna Fáil TD for Wicklow, Pat Casey has called on businesses who trade with the UK to step up their preparedness ahead of Brexit by registering for their Economic Operators Registration and Identification (EORI) number.
Deputy Casey was commenting as figures released to Fianna Fáil show that only half of businesses who trade with the UK have the necessary registration with the Revenue to allow them to continue to trade with the UK after Brexit. The remainder will be unable to trade with the UK post Brexit.
Deputy Casey explained, “We are less than two weeks away from Brexit and as each day passes the likelihood of a no deal is increasing. It is deeply concerning that some 48% of businesses who engage in some level of trade with or through the UK have not yet acquired their EORI number from the Revenue.
“The Government and Revenue must step up their efforts to make businesses aware of the requirement. Some businesses might be under the impression that only those who have significant trade with the UK need to register but this is not the case. Having an EORI number is the minimum requirement for businesses that wish to trade with, or through, the UK once they leave the EU.
“The process is relatively straight forward – once a business is registered with Revenue Online Services, the turnaround registration for an EORI number is approx. 3 minutes and it is free to do so. Failure to prepare will be catastrophic for businesses”, concluded Deputy Casey.