Commentary

BB/25A/05 Intrastat—changes from 1 January 2006

Part V16 Forms and other HMRC material

BB/25A/05 Intrastat—changes from 1 January 2006

BB/25A/05 Intrastat—changes from 1 January 2006

Business Brief, Issue 25. 22 December 2005

This Business Brief article explains how businesses trading with other EU member states could be affected by these changes.

Thresholds

The Intrastat assimilation threshold is increased from £221,000 to £225,000. (The delivery terms threshold remains unchanged at £14 million.)

EC legislation requires the UK to collect information on intra-EC trade for statistical purposes and sets minimum requirements for the quantity of trade covered. These requirements determine the level at which the assimilation threshold is set in the UK. The same threshold is applied independently to arrivals (intra-EC imports) and dispatches (intra-EC

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