In addition to VAT returns, foreign companies trading in the UK may be required to complete statistical reports, ‘Intrastat’, on the movement of goods across the national borders. This can include sales to other companies as well as the movement of goods by the same company. The authority responsible for the implementation of Intrastat reporting rules in the UK is HMRC.
When do UK Intrastat reports have to be completed?
If resident or non-resident companies move goods across the UK national border to or from other EU countries, there may be a requirement to complete monthly Intrastat reporting.
Intrastat filings list the goods sent out of UK, ‘dispatches’, as well as goods brought into UK, ‘arrivals’. It is a system introduced in the UK following the 1993 launch of the EU free trade market since customs borders and reporting were withdrawn. Intrastat does not apply if the goods are coming in from outside of Europe (‘imports’) or being sent out of the EU (‘exports’).
What are the UK Intrastat reporting thresholds?
Intrastat returns, or supplementary declarations (SDs), need only be completed once the reporting thresholds are exceeded. The threshold for UK Intrastat arrivals is £1,500,000. The threshold for UK Intrastat dispatches is £250,000.
British Intrastat thresholds (per annum)
What information is included in a UK Intrastat filing?
Each movement of goods across the UK national border to another EU country must be listed.
This shipment lists should include the trade classification, value, quantity, weight, commodity code and country of arrival or dispatch.
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HMRC estimates that 245,000 businesses buy and sell goods with other EU27 states. When the UK leaves the Customs Union, 29 March, all movements of goods must be declared for customs, tariffs and VAT. This requires an EORI number (Economic Operator Registration Identification), which is shown on customs declarations etc.
March 1, 2019
HMRC is writing to thousands of UK, US and other international sellers of digital services to warn them to now VAT register in another EU state in readiness for a no-deal Brexit. This covers their sales of e-services, apps, streaming media, online gaming and dating, e-books and software to EU consumers.
February 14, 2019
The UK’s HMRC has opened the registration portal for foreign delivery companies to register post-Brexit VAT on consumer good parcels below £135. This new regime will be triggered under the current default no-transition deal Brexit on 29 March 2019.
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