Revenue & Customs Brief 75/07

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.

Intrastat Thresholds

• The exemption threshold remains at £260,000.
• The delivery terms threshold remains at £14,500,000.

Background

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 Supplementary Declarations).

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 returns.

Further information

Further information on trade statistics can be found online at uktradeinfo 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.

Issued 19 December 2007