HM Revenue and Customs Brief 44/11
Add an article Back to list
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 & Customs’ 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.
