Commentary

RCB/48/10 Intrastat – thresholds from 1 January 2011

Part V16 Forms and other HMRC material

RCB/48/10 Intrastat – thresholds from 1 January 2011

RCB/48/10 Intrastat – thresholds from 1 January 2011

Revenue & Customs Brief, Issue 48. 19 November 2010

This Revenue & Customs Brief article announces that the Intrastat thresholds will remain unchanged in 2011 from those set on 1 January 2010 and explains how this will affect businesses trading with other EU member states.

Intrastat thresholds

Exemption thresholds:

  1.  

    —     the exemption threshold for dispatches remains at £250,000

  2.  

    —     the exemption threshold for arrivals remains at £600,000

Delivery terms threshold—

  1.  

    —     the delivery terms threshold remains at £16,000,000

Background

EU legislation requires the UK to collect information on intra-EU trade for statistical purposes and sets minimum requirements

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