At the start of every new year, HMRC revise the threshold applying to the Intrastat regulations, and this year is no exception. The threshold has been increased from £260,000 to £270,000.

You may be wondering what Intrastat is, and why anyone should be interested. At the risk of getting technical, this is an intra-EU statistical exercise, designed to let someone, somewhere know what goods are being sold across Europe. If your sales or purchases of goods, to or from other EU Member States, in a calendar year exceed the £270,000 figure, you are thenceforth obliged to render unto HMRC a monthly form, detailing all manner of useful information – what the goods are, what value, what weight, ad nauseum. Now you know…

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