When it comes to international trade, there are various procedures and regulations in place to ensure smooth operations and compliance. One such requirement is the Economic Operators Registration and Identification (EORI) number. If you’re engaged in importing or exporting goods, understanding what EORI is and whether you need it is crucial. In this blog post, we will delve into the concept of EORI, its significance, and help you determine whether obtaining an EORI number is necessary for your business.
What is EORI? EORI stands for Economic Operators Registration and Identification. It is a unique identification number assigned to economic operators engaged in customs activities within the European Union (EU). The EORI system was introduced to streamline customs procedures and enhance security in cross-border trade.
The EORI number is used to track and monitor goods moving in and out of the EU. It serves as a common reference for all customs authorities, ensuring that businesses comply with customs regulations and enabling efficient risk management and controls.
Do You Need an EORI Number? Whether you need an EORI number depends on your specific circumstances and the nature of your business activities. Here are a few scenarios that may help you determine if you require an EORI number:
- Importing or Exporting within the EU: If you engage in importing or exporting goods within the EU, an EORI number is generally required. This includes activities such as buying goods from EU suppliers, selling goods to customers in other EU countries, or participating in cross-border trade.
- Non-EU Businesses Trading with the EU: If your business is located outside the EU but you import goods into an EU member state or export goods from the EU, you will typically need an EORI number. It enables customs authorities to identify and monitor your business in the EU.
- Customs Procedures and Declarations: If you are involved in customs procedures, such as filing customs declarations, applying for customs authorisations, or utilising customs simplifications, an EORI number is usually mandatory. It ensures proper documentation and compliance with customs regulations.
- EU-based Customs Activities: Even if your business does not directly engage in import or export activities, you may still require an EORI number for other customs-related activities, such as customs warehousing, temporary admission, or inward and outward processing.
How to Obtain an EORI Number: To obtain an EORI number, you need to apply to the customs authorities of the EU member state where you conduct customs activities. The application process varies across countries, but generally, it involves providing relevant business information, such as company details, VAT number, and the nature of your activities.
It’s important to note that if you move goods to or from Great Britain, you need an additional EORI number that starts with GB.
The Economic Operators Registration and Identification (EORI) number is a crucial identifier for businesses involved in customs activities within the European Union. Whether you’re importing, exporting, or engaging in other customs-related operations, an EORI number helps ensure compliance with customs regulations and facilitates smooth cross-border trade.
While the specific requirements for obtaining an EORI number may vary across EU member states, it is essential to check with the customs authorities in your relevant jurisdictions. Understanding the significance of EORI and determining whether you need it is a vital step towards maintaining a compliant and efficient international trade operation.
For more information or guidance, please contact our EORI/VAT team on +44 (0) 208-004-1160 in the UK, or ++1 (714) 782-7000 in the USA or email us at query@MyVATdirect.com.
About My VAT Direct Ltd
My VAT Direct is a bespoke VAT registration, fiscal representation, calculation and filing service specifically designed to assist Amazon Sellers and e-commerce merchants who desire the benefits of cross-market selling without the worry of tax compliance in foreign markets.
My VAT Direct is comprised of knowledgeable and experienced tax experts, who for 10+ years have helped e-commerce sellers enjoy the selling opportunities a mass market can provide.
About SMBE Direct Ltd
My VAT Direct is a subsidiary of SMBE Direct, a world reaching B2B and B2C business services conglomerate, giving rise to exceptionally talented and well-experienced professionals organised into business units, that provide direct services to SMEs and enterprise level businesses, whereby increasing their brand awareness and sales.