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HM Revenue and Customs Brief 48/10

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Issued 19 November 2010

Intrastat – thresholds from 1 January 2011

This Revenue & Customs Brief article announces that the Intrastat thresholds will remain unchanged in 2011 from those set on 1 January 2010 and explains how this will affect businesses trading with other EU Member States.

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

Background

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 threshold is set in the UK. The same threshold is applied independently to arrivals (intra-EU imports) and dispatches (intra-EU exports).

Those traders with an annual intra-EU trade in goods above the specified exemption threshold are required to provide monthly statistical returns (Intrastat Supplementary Declarations).

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.

Traders with annual EU trade above the delivery terms threshold are required to supply additional information relating to delivery terms on their statistical returns.

Further information

Further information on trade statistics is available online at uktradeinfo or by contacting uktradeinfo Customer Services on Tel: 01702 367485.

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


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© Crown Copyright 2010.

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 2010-11-29 16:02:56 in Tax Articles

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