2009 Intrastat Threshold increased

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…

www.davebrownvat.co.uk

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