2014 No. 3135

Statistics Of Trade

The Statistics of Trade (Customs and Excise) (Amendment) Regulations 2014

Made

Laid before Parliament

Coming into force

The Commissioners for Her Majesty’s Revenue and Customs1 make the following Regulations in exercise of the powers conferred by section 2(2) of the European Communities Act 19722.

The Commissioners have been designated3 for the purposes of section 2(2) in relation to the receipt, regulation and control of statistics relating to the trading of goods between the United Kingdom and other Member States.

Citation and commencement1

These Regulations may be cited as the Statistics of Trade (Customs and Excise) (Amendment) Regulations 2014 and come into force on 1st January 2015.

Amendment of the Statistics of Trade (Customs and Excise) Regulations 19922

1

The Statistics of Trade (Customs and Excise) Regulations 19924 are amended as follows.

2

In regulation 3(3), for “£1,200,000” substitute “£1,500,000”.

Edward TroupRuth OwenTwo of the Commissioners for Her Majesty’s Revenue and Customs
EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations, which come into force on 1st January 2015, amend the Statistics of Trade (Customs and Excise) Regulations 1992 (“the Principal Regulations”).

Intrastat is the regime established for the purposes of collecting European Union statistics relating to the trading of goods between Member States. Intrastat is established by Regulation (EC) 638/2004 of the European Parliament and of the Council (OJ No L 102, 7.4.04, p1) and implemented by Commission Regulation (EC) 1982/2004 (OJ No L 343, 19.11.04, p3). This is supplemented in the United Kingdom by the Principal Regulations.

Intrastat information is provided by traders to the Commissioners for Her Majesty’s Revenue and Customs in their capacity as the national authority responsible for the collection of the information required by the regime.

These Regulations increase the threshold, expressed in terms of annual value of intra-European Union trade, at or below which a business is exempt from providing any Intrastat information. The threshold applies separately for goods dispatched and goods received.

Regulation 2(2) amends regulation 3(3) of the Principal Regulations to increase the arrivals exemption threshold.

A Tax Information and Impact Note (TIIN) covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.