HM Revenue and Customs Brief 38/13
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Issued 16 December 2013
Intrastat - changes from 1 January 2014
Purpose of this Brief
The purpose of this Brief is to explain how businesses,
trading in goods with other EU Member States who are required to submit
Intrastat declarations, will be affected by changes from 1 January 2014.
Who should read this Brief
VAT registered businesses that are required to submit
declarations of arrivals (EU imports) trade received from other EU
Member States and/or provide Delivery Terms information on an Intrastat
Changes to Intrastat thresholds from 1 January 2014
- the exemption threshold for arrivals is increased from
£600,000 to £1,200,000
- the Delivery Terms threshold is increased from £16 million
to £24 million
- the exemption threshold for dispatches (EU exports)
remains unchanged at £250,000
EU legislation requires the UK to collect information on
intra-EU trade in goods for statistical purposes and sets minimum
requirements for the quantity of trade covered.
Council Regulation (EC) No 638/2004 (as amended by Council
Regulation (EC) No 222/2009) requires EU Member States to collect data
on a minimum percentage of the total value of their EU trade in goods.
This regulation has been amended by Council Regulation (EU) No
1093/2013 which reduces the minimum requirement which Member States are
to collect for their arrivals (intra-EU imports) from 95% to 93%.
These requirements determine the level at which the exemption
thresholds, which are applied independently to arrivals and dispatches,
are set in the UK. If your annual intra-EU trade in goods is above the
specified exemption thresholds you are required to provide monthly
statistical returns (Intrastat declarations).
The exemption thresholds are set at a level that ensures the
UK obtains the percentage coverage of the value of intra-EU trade
required by EU legislation, whilst at the same time ensuring that the
number of businesses which are required to submit monthly information
is kept to a minimum.
The threshold for arrivals has been increased as a result of
the reduction in the coverage requirement to 95%.
Delivery Terms threshold
EU legislation requires the UK to collect information to
enable the accurate calculation of statistical value. These
requirements determine the level at which the Delivery Terms threshold
is set in the UK. The same threshold for Delivery Terms applies to
arrivals and dispatches.
If your annual EU trade is above the Delivery Terms threshold you are
required to supply additional information relating to Delivery Terms on
your Intrastat declarations.
Further information on Intrastat can be found on:
About the Author
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Article Published/Sorted/Amended on Scopulus 2013-12-27 14:11:28 in Tax Articles