Businesses Fail To Plan For Brexit

According to government research, four in ten small and medium-sized businesses that trade internationally have no intention of making contingency plans for a no-deal Brexit.

HM Revenue & Customs recently published a survey that suggested about 40% of the companies the taxman would like to see preparing for the possibility of new customs processes at ports, currently have no plans to take any action.

It has been suggested that companies were unlikely to make attempts to be ready for an exit from the EU without a deal, due to the continued uncertainty over whether it is a good use of their time and money.

It is estimated that 240,000 companies would need a EORI number, however by last week, HMRC had received fewer than 47,000 applications.

If you do not currently have an EORI number then we suggest contacting us immediately, to discuss our EORI application service.

Customs Insights provide a range of customs related solutions including customs clearance, consultancy, Brexit planning and both AEO application and management. To talk to one of our customs specialists about planning for Brexit, then please email enquiries@customsinsights.co.uk or call 01304 211652.