Intrastat is the system for collecting statistics on goods that have moved between EU member states. Intrastat covers goods that have been bought and sold in the EU, or moved within the EU for other purposes. All VAT registered businesses that move goods within the EU are required to provide specific statistical information where the total value of those movement exceeds £1.5m for arrivals (goods arriving in the UK) or £250,000 for dispatches (goods leaving the UK). Businesses who exceed either or both of these thresholds are required to submit an Intrastat supplementary declaration (SD) each month which must be submitted by the 21st day of the following month. The SD needs to be submitted electronically to HMRC. Larger businesses with arrivals and / or dispatches that exceed £24m are required to provide details of the delivery terms on the SD.
Although the UK left the EU on 31 January 2020 and the ensuing implementation period ended on 31 December 2020, Intrastat declarations continue to be required in respect of imports into Great Britain from the EU, and in respect of goods moving between Northern Ireland and the EU for at least four years.
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