HM Revenue and Customs Brief 75/07
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Issued 19 December 2007
Intrastat - Thresholds from 1 January 2008
This Revenue & Customs Brief article explains that the Intrastat thresholds
will remain unchanged in 2008 from those set on 1 January 2007 and explains how
businesses trading with other EU Member States will be affected by this.
- The exemption threshold remains at £260,000.
- The delivery terms threshold remains at £14,500,000.
Community 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
Community 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
Further information on trade statistics can be found online at http://www.uktradeinfo.com
or by phoning uktradeinfo Customer Services on 01702 367485.
For further information and advice on submitting Intrastat declarations,
please contact the National Advice Service 0845 010 9000.
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© Crown Copyright 2007.
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Article Published/Sorted/Amended on Scopulus 2007-12-24 12:52:31 in Tax Articles