The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
This guidance note looks at Intrastat returns and when these need to be completed.
For importing goods from outside the UK generally, see the Imports ― overview (rules from 1 January 2021) guidance note. For exports, see the Exporting goods from 1 January 2021 ― overview guidance note. For movements of goods and Northern Ireland, see the Northern Ireland ― overview guidance note.
In-depth commentary on the legislation and case law can be found in De Voil Indirect Tax Service V5.276.
It is worth noting that Intrastat obligations continue in some circumstances in the UK after the 31 December 2020 despite the end of the Brexit implementation period.
Intrastat is (broadly) the system that is used to collect statistics on the trading of goods (not services) between countries that are members of the EU. Although the UK is no longer a member state of the EU, Intrastat obligations still continue in certain circumstances (see further below in this guidance note).
Businesses breaching certain thresholds must record physical movements of goods between the UK and the EU on an Intrastat ‘Supplementary Declaration’ (SD). The supply of services is excluded from Intrastat.
Where ‘despatches’ of goods to EU member states or ‘arrivals’ of goods from EU member states exceed a legally set threshold then there is a requirement to submit additional information in the form of a Supplementary Declaration.
The thresholds are as set out in the table below:
However, from 1 January 2021 (the end of the Brexit implementation period), only Supplementary Declarations in respect of the following kinds of movement are required:
goods imported into Great Britain (GB) from the European Union (EU)
goods imported into Northern Ireland (NI) from the EU
goods exported from NI to the EU
SI 1992/2790, reg 3; Intrastat declaration requirements for 2021; Notice 60, paras 2.1, 2.6, 3.2
The requirement to submit Intrastat returns for goods imported
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
Normal due dateIndividuals are required to pay any outstanding income tax and Class 4 National Insurance, Class 2 National Insurance, and capital gains tax due for the tax year by 31 January following the end of the tax year (ie 31 January 2021 for the 2019/20 tax year). From 6 April 2020, UK
The majority of state benefits (also called social security benefits) are managed by the Department of Work and Pensions (DWP) via the Jobcentre Plus.Some benefits are dependent on a national insurance contribution record (and different classes of national insurance provide different benefit
Many people work from home either on an informal or a full-time basis. These people can be employed or self-employed, and their employment status affects the expenses they can claim as a deduction from their earnings.When dealing with someone working from home, it is important to remind him that
This guidance note provides an overview of the steps businesses need to take if aspects of their business change, and as a result, they need to notify HMRC about the change.Changes to name and / or addressIf a business changes its name and / or its address then it is required to notify HMRC of the
To view our latest tax guidance content, sign in to Tolley Guidance or register for a free trial.