Britain will automatically enrol nearly 90,000 companies in a customs system in ...
LONDON - Britain will automatically enrol nearly 90,000 companies in a customs system in order to reduce the risk of Brexit disruption, the government said, its latest attempt to show it can leave the European Union without a deal if necessary.
More than 88,000 companies which are in Britain’s value-added tax register will be allocated an Economic Operator Registration and Identification number in the next two weeks, the finance ministry said on Wednesday. “As the government accelerates its preparation to leave the EU on Oct. 31, it’s right businesses are prepared too,” finance minister Sajid Javid said.A group representing small businesses welcomed the move but said companies also urgently needed tax measures to boost cash-flow and adapt to any new trading circumstances from Nov. 1.
The FSB and the Confederation of British Industry, another employers group, have previously urged the government to issue EURI numbers automatically to businesses.
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