Intrastat is the system for collecting statistics on the trade of goods between EU member states. The supply of services is excluded from Intrastat. Every VAT-registered business trading goods with other EU member states is obliged to declare Intrastat information.
Business importing goods from the EU to Great Britain (excluding Northern Ireland) will still be required to file monthly Intrastat arrival declarations with HMRC in 2021 if the total value of arrivals in the UK were above the threshold of £1.5m in 2020.
However, for exports from the UK to the EU an Intrastat dispatch declaration won’t be required anymore. This does not apply to Northern Ireland, which will stay in the EU single market for goods and businesses importing and exporting goods to and from Northern Ireland will still be required to file arrival and dispatch declarations at least until 2025.
Would you like to know more?
If you would like to learn more about how Brexit may impact you, please visit our Practical Guidance: Brexit hub here.
And if you have any questions or would like to discuss your specific circumstances, please get in touch with your usual Blick Rothenberg contact or one of the partners on this page.