Northern Ireland ― Intrastat returns

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note looks at Intrastat returns and when these need to be completed.

For importing goods from outside the UK generally, see the Imports ― overview (rules from 1 January 2021) guidance note. For exports, see the Exporting goods from 1 January 2021 ― overview guidance note. For movements of goods and Northern Ireland, see the Northern Ireland ― overview guidance note.

In-depth commentary on the legislation and case law can be found in De Voil Indirect Tax Service V5.276.

What is Intrastat?

Intrastat is (broadly) the system that is used to collect statistics on the trading of goods (not services) between countries that are members of the EU. Although the UK is no longer a member state of the EU, Intrastat obligations still continue in certain circumstances when goods are moved between the EU member states and Norther Ireland (see further below in this guidance note for the circumstances).

Businesses breaching certain thresholds must record physical movements of goods between the UK and the EU on an Intrastat ‘Supplementary Declaration’

Continue reading

To read the full Guidance note, register for a free trial of Tolley+™

TAKE A FREE TRIAL

Popular Articles

Corporation Tax

Premiums on the grant or surrender of a lease

Premiums on the grant or surrender of a leasePremiums on the grant of a lease ― outlineWhen a property investor grants a lease, potentially this could be done on the basis that the tenant pays a premium for the initial grant of the lease, in addition to also paying rent over the term of the lease.

14 Jul 2020 12:58 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax Read more

Owner-Managed Businesses

Repairs and renewals

Repairs and renewalsThe key consideration in determining whether expenditure on repairs and renewals is allowable as a deduction for tax purposes is whether it is capital or revenue in nature. In some cases, it can be relatively straightforward to identify revenue repairs. HMRC provides the

14 Jul 2020 13:23 | Produced by Tolley Read more

Corporation Tax

Temporary differences

Temporary differencesCalculation of temporary differencesThe temporary difference arising in respect of an asset or liability is calculated by comparing the carrying value of that asset or liability with its tax base.IAS 12 uses the concept of taxable or deductible temporary differences. Whether a

14 Jul 2020 13:49 | Produced by Tolley in association with Malcolm Greenbaum Read more

��Ƶ