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.