HM Revenue and Customs Brief 47/14 - Intrastat arrival threshold from 1 Jan 2015
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Purpose of this brief
The purpose of this brief is to explain how businesses trading
in goods with other EU member states, who are required to submit
Intrastat arrival (EU imports) declarations, will be affected by a
change to the Intrastat arrivals threshold from 1 January 2015.
Who should read this
VAT-registered businesses that are required to submit
declarations of arrivals trade received from other EU member states.
to Intrastat arrivals threshold from 1 January 2015
From 1 January 2015 the exemption threshold for arrivals will
increase from £1,200,000 to £1,500,000.
The exemption threshold for dispatches (EU exports) remains
unchanged at £250,000.
Information on trade in goods between EU member states is
collected by the Intrastat system. Member states are required by EU
legislation to review annually their Intrastat exemption thresholds,
below which businesses involved in such trade arenít required to submit
All VAT-registered businesses are required to declare the
value of their intra-EU trade in goods on their VAT returns. Businesses
with an annual intra-EU trade above the thresholds (applied
independently to arrivals and dispatches) are required to provide more
detailed statistical returns.
The value of the thresholds are reviewed annually by HM
Revenue and Customs (HMRC)
- accurately match the percentage coverage of the value of
intra-EU trade required by EU legislation
- ensure that the number of businesses required to submit
monthly information is minimised
Following the annual review HMRC is able to
increase the arrivals threshold from £1,200,000 to £1,500,000. The same
review calculated that we should maintain the dispatches threshold at
£250,000 to ensure we maintain the legislated percentage coverage for
About the Author
© Crown Copyright 2014.
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 2014-12-17 10:00:42 in Tax Articles