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HM Revenue and Customs Brief 44/11

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Issued: 20 December 2001

Intrastat - thresholds and changes to reporting procedures from 1 January 2012

Summary

This Revenue & Customs Brief announces that the Intrastat thresholds will remain unchanged in 2012 from those set in 2011.

It also announces some changes to reporting procedures to apply to Intrastat declarations with a reference period of January 2012 onwards and a change to the guidance found in Notice 60 Intrastat General Guide.

Readership

Businesses that are required to submit declarations of their trade with other EU Member States using an Intrastat declaration. This is limited to those with intra-EU trade in excess of £600,000 per annum for Arrivals (EU imports) and/or £250,000 per annum for Dispatches (EU exports).

Intrastat thresholds

Exemption thresholds

  • the exemption threshold for dispatches remains at £250,000
  • the exemption threshold for arrivals remains at £600,000.

Delivery terms threshold

  • the delivery terms threshold remains at £16,000,000

Changes to reporting procedures

The following changes apply for Intrastat declarations with a reference period of January 2012 onwards:

Low value consignment threshold

  • the low value consignment threshold has been increased from £130 to £180

Changes to delivery terms codes

If you are required to provide delivery terms information then you need to be aware that for Intrastat declarations with a reference period of January 2012 onwards, there are two new delivery terms codes for Intrastat purposes:

  • DAT (Delivered at Terminal) which replaces DEQ
  • DAP (Delivered at Place) which replaces DAF, DES and DDU

Information on these changes will be published on the uktradeinfo website (Opens new window) and in Notice 60 Intrastat General Guide.

Clarification on the reporting of processing trade

The Notice 60 Intrastat General Guide (Section 9) guidance on reporting goods sent for, or received after processing, will be amended for the January 2012 edition to make it clear that Nature of Transaction Codes (NoTCs) 40 and 50 must only be used if the goods subject to the processing do not change ownership.

Background

Exemption threshold

EU legislation requires the UK to collect information on intra-EU trade for statistical purposes and sets minimum requirements for the quantity of trade covered. These requirements determine the level at which the exemption thresholds are set in the UK. They are applied independently to arrivals (intra-EU imports) and dispatches (intra-EU exports).

If you are a VAT-registered business with annual intra-EU trade in goods above the specified exemption thresholds you are required to provide monthly statistical returns (Intrastat Supplementary Declarations).

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.

Low value consignment threshold

Low value transactions can be aggregated and classified to a single commodity code (9950 0000) provided these transactions have a value of £180 or less.

Changes to delivery terms thresholds

The International Chamber of Commerce have made changes to their Incoterms (international commercial terms). The Incoterms codes are also used as delivery terms codes for Intrastat purposes.

These changes see the introduction for Intrastat purposes of two new terms DAT and DAP which have replaced DAF, DES, DEQ and DDU.

Further information

Further information on trade statistics is available online at the uktradeinfo website (Opens new window) or by phoning uktradeinfo Customer Services on Tel 01702 367485.

For further information and advice on submitting Intrastat declarations, please contact HM Revenue & Customsí VAT, Customs and Excise Helpline on Tel 0845 010 9000.


About the Author

© Crown Copyright 2011.

A licence is needed to reproduce this article and has been republished for educational / informational purposes only. Article reproduced by permission of HM Revenue & Customs.



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Article Published/Sorted/Amended on Scopulus 2011-12-28 11:22:44 in Tax Articles

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