INTRA EC TRADE
Although trade between EU Member States under Single Market Rules is allegedly free of Customs controls, rules for Excise, Statistical Reporting and VAT are very much in force because each EU Member State has been allowed to keep and police its own Excise and VAT rates, and determine how they are accounted.
Additionally, application for any of the very few subsidies remaining for inter EU Trades, perhaps for agricultural products, might need prior notice to move, and some ‘sensitive’ commodities, usually military goods or items which might be put to a military purpose, still require Licences [Dual Use] to move between EU Member States.
Transactions with other EU Member States of commodities which move as either Acquisitions or Despatches, exceeding certain thresholds, trigger a requirement for the UK Trader to make monthly statistical declarations – under INTRASTAT.
Martintrux can submit your INTRASTAT declaration electronically, and will provide a receipt confirming the amounts to be transferred to a VAT Return as EC Acquisitions or EC Sales.
EC Despatches are to be included to any other EC Sales for the period and submitted by the Trader on the relevant EC Sales List.