Statutory Instrument No. 2847 increases from £260,000 to £270,000 the threshold at or below which a business in the UK is exempt from providing Intrastat information. This is to comply with Community rules on the percentage of trade to be captured through Intrastat, the system of Community statistics about trade in goods between Member States.

The instrument further increases from £14,500,000 to £16,000,000 the threshold above which an additional piece of information known as ‘delivery terms’ must be provided in the supplementary declaration

Intrastat is a common framework for the systematic production of Community statistics relating to the trading of goods between Member States.

The thresholds above which a business is required to provide Intrastat declarations and additional information on delivery terms have been increased to ensure the United Kingdom continues to capture within the Intrastat system data in respect of the required percentage of trade with other Member States.

The effect of these increases is to ensure that the Intrastat system captures both the correct number of traders required to submit Intrastat declarations and the number providing additional information on delivery terms.

Full details of the statutory instrument are available at
http://www.hmrc.gov.uk/si/2008-2847.pdf