What are Intrastat codes?

What are Intrastat codes?

Intrastat commodity code The commodity code is an eight-digit coding system, comprising the Harmonized System (HS) codes with further EU subdivisions. The commodity codes are also called Combined Nomenclature (CN) and they are used by the EU Member States to collect detailed data on their trading of goods.

What is an Intrastat declaration?

Intrastat reporting fills the gap left by the withdrawal in 1993 of customs reporting on the movement of goods within the European Union. It enables governments and the EU track trade between countries for statistical purposes.

What are supplementary units in Intrastat?

Generally a supplementary unit is required when it is a more appropriate measure of particular goods than net mass and allows a greater degree of comparison and analysis. However, if you are asked to provide a supplementary unit (this will be indicated in the ICN), you do not have to supply a net mass figure.

Are Intrastat declarations still required?

A reminder to businesses that monthly Intrastat declarations are still required for the rest of 2021. HMRC has confirmed that there is still an obligation to submit the Intrastat declarations for the entire year of 2021 for the Intrastat EU arrival in the UK.

Is Intrastat still required?

You do not need to use Intrastat for goods you move between Great Britain (England, Wales and Scotland) and the EU , or between Great Britain and Northern Ireland. If your business is not VAT registered, you do not need to register for Intrastat. When you’ve registered, you must make monthly Intrastat declarations.

Is Intrastat the same as EC sales?

Intrastat is a statistical return and EC Sales list is a tax return. Intrastat is sent to customs and statistical authorities whereas EC Sales is submitted in the portal of your usual tax returns.

What does supplementary unit mean?

Supplementary units are units other than net mass, for example, litres, number of parts or square metres. They have to be indicated for certain goods where they are useful measures for the goods concerned.

Do I still have to do Intrastat after Brexit?