EU statistics threshold to rise
The threshold for companies providng returns to compile statistical information on business in the European Union is to rise from £230,000 to £233,000.
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.