Preparing for the EU exit door

With departure deadlines looming and political turmoil intensifying, HMRC is stepping up its efforts to ensure businesses are ready to trade post-Brexit.

The taxman has revealed it is automatically enrolling companies in an important customs system and doubling the numbers registered.

More than 88,000 VAT registered companies across the UK are being allocated an Economic Operator Registration and Identification (EORI) number so that they can keep trading with customers and suppliers in the EU once the UK Brexits.