Updated Intrastat notice
HMRC have released an updated version of Notice 60, the intrastat general guide. The notice has been rewritten in parts and updated to take account of the new intrastat thresholds from 1 January 2010.
The main change is in relation to the exemption thresholds for intrastat arrivals which has increased to £600,000 (from £270,000) whilst the threshold for intrastat dispatches has been reduced to £250,000 (from £270,000).
These changes follow an amendment to the relevant EC regulation which was adopted in March 2009 and which reduced the percentage of arrivals information that is required to be captured by HMRC from 97% to 95%.
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 movements or acquisitions is obliged to submit monthly returns. Where a business exceeds the delivery terms threshold additional information is required.
There are also some other changes in the notice relating to supplies of goods to British Embassies and the British armed forces as well as for emergency aid for disaster areas.