Intrastat declarations are used to collect information on the movement of goods from the UK to other EU countries and vice versa. Any business that exceeds the exemption threshold for either arrivals or dispatches of goods is obliged to submit monthly returns.
Businesses with annual EU trade above the delivery terms threshold are required to supply additional information relating to delivery terms on their statistical returns. The exemption threshold for arrivals is currently £1.5 million. The exemption threshold for dispatches (EU exports) is £250k.
HMRC has published an updated version of Notice 60, The Intrastat General Guide. The updated version of the guide reflects a change to the low value consignments threshold from 1 January 2017. The new threshold is £175 (increased from £150). The notice is intended as a general guide to Intrastat for businesses trading in goods with other member states of the EU.