Every business that trades goods with other European Union (EU) member states is required to provide details of these transactions for statistical purposes. Intrastat is the system used to collect these statistics.
What is Intrastat and who has to make returns?
Intrastat is the system for collecting statistics on the trade in goods between European Union (EU) member states. The supply of services is excluded from Intrastat.
In addition to goods that have been bought and sold, Intrastat also covers goods that have moved between EU countries for other reasons.
Every business trading goods with other EU member states is obliged to declare certain information. The amount of information required from you depends on whether the value of your arrivals (purchases or imports) or dispatches (sales or exports) exceeds the Intrastat threshold, which is set at Â£260,000. (338,489 Euros)
Businesses that go above the threshold in either dispatches or arrivals (or both) must also submit a supplementary declaration giving more detailed information.
How do I submit my Intrastat return?
If your arrivals (purchases or imports) or dispatches (sales or exports) with other European Union (EU) member states are below the Â£260,000 threshold for the year from 1 January to 31 December 2007, all you need to do is fill in boxes 8 and 9 of your VAT return:
If your arrivals (purchases or imports) or dispatches (sales or exports) within the EU are above Â£260,000 you must submit a supplementary declaration (SD).
What information is required in a supplementary declaration?
Different types of movement of goods between European Union (EU) member states must be declared on your supplementary declarations (SDs).
You don’t have to declare certain other movements of goods. These include goods in transit, goods sent or returned after repair and goods being moved temporarily within the EU.