What is an Intrastat number?
Intrastat is the name given to the system for collecting statistics on the trade in goods between the UK and EU member states. Intra-EU trade statistics are compiled from information provided by those businesses required to provide Intrastat declarations and estimations made using information on the VAT Return.
What information is required for Intrastat?
Intrastat filings require details of all dispatches (sales) of goods to other EU countries, plus the arrivals (purchases). Details required of each transaction include: Description of the goods. Commodity code of the goods.
What is Intrastat HMRC?
Intrastat is the name given to the system in the UK for collecting statistics: on the trade in goods between Northern Ireland and EU member states. until 31 December 2021 – arrivals from the EU to Great Britain.
How do I correct an Intrastat submission?
Correct errors in an Intrastat declaration
- add a new trade entry to a previous declaration, as you must submit any omissions on a new declaration.
- withdraw a full declaration or change its period, as you will need to send your request to [email protected].
Are Intrastat code the same as commodity code?
Commodity Codes are composed of ten digit numbers, however for certain goods there are an additional four digits. The latter code is used for export declarations and Intrastat commodity codes declarations (a system for collecting statistics on the trade in goods between EU member states).
What does Intrastat mean?
INTRASTAT
| Acronym | Definition |
|---|---|
| INTRASTAT | Intra-Community Trade Statistics System |
Is Intrastat still required?
A reminder to businesses that monthly Intrastat declarations are still required for the rest of 2021. HMRC has confirmed that there is still an obligation to submit the Intrastat declarations for the entire year of 2021 for the Intrastat EU arrival in the UK.
Do I need Intrastat?
However, businesses exporting goods (dispatches) to the EU will no longer be obliged to prepare Intrastat. Northern Ireland (NI) movements to and from the EU will be required until at least 2025….Intrastat arrivals reporting after Brexit.
| Goods movements | UK Intrastat required? |
|---|---|
| Exporting goods from UK to EU | No |
Does Intrastat exist?
Do I still have to do Intrastat?
However, businesses exporting goods (dispatches) to the EU will no longer be obliged to prepare Intrastat. Northern Ireland (NI) movements to and from the EU will be required until at least 2025….Intrastat arrivals reporting after Brexit.
| Goods movements | UK Intrastat required? |
|---|---|
| Importing into GB from EU | Yes, for 2021 |
WHO reports Intrastat?
Value-Added Tax (VAT) registered traders involved in the acquisitions of goods and intra-Community supplies have additional reporting responsibilities in the following regimes: VAT Information Exchange System (VIES) Intrastat regime.
What is an 8 digit commodity code?
A commodity code is a sequence of numbers made up of six, eight or ten digits. The commodity code determines. the customs duties and other charges levied on the goods. the preferential treatments that may apply to their import, and.