Intrastat – Changes From 1 January 2009

Community 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. Currently EU Member States are required to collect data on a minimum of 97 per cent of the value of their EU trade in goods within the Intrastat system. 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).

Community legislation also requires the UK to collect information to enable the accurate calculation of statistical value. This requirement determines the level at which the delivery terms threshold is set in the UK.

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

The revised thresholds are implemented by Statutory Instrument 2008/2847 and are as follows:

• The exemption threshold is increased from £260,000 to £270,000
• The delivery terms threshold is increased from £14,500,000 to £16,000,000

If you require assistance with any Intrastat or VAT matter, contact us now to see how Davenports can help.

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