Brexit readiness – Revenue concerns

Oct 05, 2020

Based on recent contacts with businesses, Revenue expressed concern about the level of Brexit readiness. Revenue issued a press release to dispel a mistaken belief among some businesses that Brexit will not actually happen and encourages those businesses to get Brexit ready. Revenue provided several important steps for businesses to take in order to avoid serious disruption.

In the press release, Revenue detailed “… customs procedures will apply from 1 January to trade with and through Great Britain, regardless of the outcome of the current EU/UK talks.”

A customs registration will provide businesses with an EORI (Economic Operators Registration Identification) number, which is an essential requirement to be able to complete customs formalities for trade with Great Britain from 1 January 2021.

Revenue is now asking each business to urgently take the following steps:

  1. Get fully and accurately informed on what Brexit means for the business
  2. Undertake an immediate Brexit impact assessment
  3. Act on that assessment by taking all the actions needed to be ready on 1 January 2021.

Businesses who are preparing or need to start preparing for Brexit are encouraged to register for Revenue’s Brexit seminars running today and tomorrow.