From 1 January 2022, Intrastat will only apply for movements of goods between Northern Ireland and the EU. Movements between GB and the EU will no longer be covered by Intrastat.
The Intrastat exemption thresholds to apply (subject to Parliamentary approval) from 1 January 2022 will be:
- £500,000 for arrivals (NI imports from EU)
- £250,000 for dispatches (NI exports to EU)
The delivery terms threshold will remain at £24,000,000 (paragraph 3.3 of Notice 60).
New requirements for Dispatches
In June 2021, we announced that two additional pieces of information will be required on your Intrastat Dispatches declaration:
- Partner VAT ID
- Country of Origin
Source uktradeinfo
Latest Posts in "United Kingdom"
- UK Implements EPR Scheme: Producers Pay Fees for Packaging Waste Management Starting 2025
- Rachel Reeves Considers VAT Adjustments Amid Budget Challenges Despite Labour’s Pledge
- Cayman Implements New Taxes on Imported Vehicles
- Tribunal Rules Nitrous Oxide Not Zero-Rated Food in Telamara VAT Case
- HMRC Updates VAT Notice 700/18: New Guidelines for Bad Debt Relief Claims
