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 increased to £1,200,000 (from £600,000) from 1 January 2014. Additionally, the Delivery Terms threshold increased to £24 million (from £16 million). The exemption threshold for dispatches (EU exports) remains unchanged at £250,000.
HMRC have recently released an updated version of Notice 60, The Intrastat General Guide. The updated version of the guide include details of the threshold changes.