Intrastat Reporting

Intrastat is a method of collecting information in order to produce statistics on the movement of goods between UK and the member states of the European Union.

Every UK VAT registered business that trade in goods with other EU member states and reaches or exceeds the thresholds is required to provide details. The thresholds are as follows: £1.5 million for Arrivals and £250,000 for Dispatches. The threshold applies for a calendar year from January to December. Should the value of Arrivals or Dispatches exceeds £24 million, the delivery terms would have to be specified too. The complexity of data demanded for Intrastat can be unexpectedly high and often can involve data that is not already being provided for tax return purposes.

Intrastat data is submitted with a Supplementary Declaration, which has to be sent by the 21st of the following month. The reporting covers goods only, so services and fees should be excluded. Failure to supply the correct data, or delays could lead to penalties.

Businesses with Dispatches or Arrivals of goods below the above listed threshold must only declare the value in boxes 8 and 9 on their VAT Return. It is important to know that Intrastat is a completely different filing from EC Sales lists, and both should not be confused.

Greenway Accountancy has experience in the preparation and submission of Supplementary Declarations for Intrastat. Should you prefer to outsource this function to us, please get in touch! We would review your data, find the correct commodity codes, calculate and specify the right quantity (hectolitres, units, etc;), and submit the Supplementary Declaration on time.

Greenway Accountancy would set up your account and complete your first Intrastat Filing free of charge.