Revenue issue guidelines on the key points in planning for Brexit

    Taxworld blog

    Revenue issue guidelines on the key points in planning for Brexit

    Posted by Seamus Hanratty on 08 November 2019



    Revenue recommend that you carry out a Brexit impact assessment to try and understand how your supply chains may be impacted by Brexit. Enterprise Ireland has created a very handy online tool to help you gauge the risks Brexit Scorecard.

    Registering for customs

    If you are you planning to moves goods to and from the UK you will need to register for customs. You do this by registering for a Economic Operators Registration and Identification (EORI) number.

    Customs declarations

    You will need to submit customs declarations. You will have need to lodge electronic customs declarations with the Revenue.

    Know the key data required for a customs declaration

    Commodity code

    This code is determined by your specific product. It is used to determine the import duties you will be liable to pay. It is important you have your products correctly classified.

    Customs value of the goods

    The customs value of your goods must be entered on your customs declaration. It is made up of the invoice price plus the cost of transport and insurance.

    Origins of the goods

    You need to know where the product you are importing originates from. The country of origin of the goods is used to determine the amount of duty payable. This information should be provided by your supplier.


    The country of origin may not be the same country that you are importing from.

    These are some of the key data you will need for a customs declaration. You should ensure you are familiar with the other information you will need. You will find further information in AEP trader guides and appendices.

    Supplementary documentation that may be needed to support your application

    You may be asked to provide any of the following, depending on your type of products:

    • commercial invoice
    • bill of lading or airway bill
    • packing list
    • veterinary or plant health certificates
    • licences.

    Making payments

    Once you have completed your EORI customs registration you will be automatically assigned a Trader Account Number (TAN). You can then make payments to this TAN using the following payment methods:

    • Cash – To lodge credit to this account you must transfer funds from your bank account to Revenue’s bank account.
    • Deferred – A Deferred Payment Authorisation allows you to import goods in one month and defer payment of duties until the fifteenth of the following month.

    There are additional customs simplifications and procedures available under the Union Customs Code (UCC). These can help to further minimise the potential negative impacts of Brexit and support the efficient and timely flow of trade.

    This article was compiled by Seamus Hanratty a content writer  and SEO services provider who works for Tax world.

    Topics: revenue, tax news

    Written by Seamus Hanratty

    Head of Content Creation at TaxWorld.
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