EU statistics threshold to rise

The so called Intrastat returns have been collected since the introduction of the single market in 1993.

They require all VAT registered traders to declare the value of their intra-EU trade on their VAT returns.

The new threshold, effective from January 1, 2000, has been fixed to ensure Customs and Excise can cover the same percentage of trade as in previous years.Thresholds have risen on January 1 each year since the statistics were introduced.

European Union

Related reading