INTRASTAT


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AcronymDefinition
INTRASTATIntra-Community Trade Statistics System
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References in periodicals archive ?
Anketos rezultatu analize rodo, kad buhalterines apskaitos specialistams nuobodzios ir monotoniskos yra sios uzduotys: prekiu pajamavimas, prekiu nurasymas, banko israso ivedimas, saskaitu fakturu israsymas, INTRASTAT ataskaitos pildymas.
The current threshold for Intrastat (which is used to monitor the level of trade within the EU) is pounds 233,000 of either purchases from, or sales of goods to, other EU states.
The issue has arisen because many companies have yet to spot that their export sales or purchases from the EC exceed the threshold of pounds 233,000 for the calendar year - at which point it is necessary to submit supplementary declarations in addition to EC sales lists and VAT returns, known as Intrastat.
There is, however, a considerable risk that official statistics for that year underestimate Danish imports from other EU countries, due to problems of implementing the Intrastat.
The trade statistics continue to be difficult to interpret, although the figure for 1993 are now more firmly based than before following a review of the Intrastat system for estimating within EC trade.
Source: Central Statistical Office, UK visible trade statistics: review of Intrastat. A feature of recent current-account developments has been the sharp drop in the UK's traditional surplus on invisibles (partly offset by subsequent systematic data revisions).
As from 1 January 1993, a new system of data collection for intra-EC trade (INTRASTAT) has been put in place in EC member countries.
However, the acquisition VAT reverse charge mechanism, set up in the current transitional EU VAT system, has also created additional compliance burdens and costs for legitimate businesses, such as EC sales lists and Intrastat obligations, as Members States have implemented them differently.
launching of new Community statistics on intra-EU trade (Intrastat).
Single flow for Intrastat by 2010: While significant efforts have already been made since 1993 to reduce the burden on enterprises regarding the collection of data for Community statistics on trade in goods between member states (Intrastat), the simplification effort will continue to be intensified.