From 1 January 2014 the following UK thresholds have changed:
- Intrastat Arrival threshold has increased from £600k to £1.2m per year; and
- The Delivery Terms threshold has been increased from £16m to £24m.
Those currently submitting intrastat declarations will need to look at their EU trade for the calendar year 1 January 2013 – 31 December 2013 to determine whether the new thresholds have been breached. If the value of EU trade in 2013 was less than:
£1.2m there will be no need to file Intrastat Arrival declarations from 1 January 2014; and
£24m there will be no need to include the Delivery Term on the declarations from 1 January 2014.
If you have any questions regarding the above or if you would like assistance with the completion of your intrastat declaration/s please contact Martyne Pearson on 01962 737 951 or via email at <a href=”mailto:Martyne.pearson@thevatconsultancy.com”>Martyne.pearson@thevatconsultancy.com</a>
