Chamber International

Intrastat and VAT

˝ day seminar - coming soon

Intrastat is the system for collecting statistics on the trade in goods between the countries of the EU. It has been operating since 1 January 1993, and replaced Customs declarations as the source of trade statistics within the EU.

If you are a VAT-registered business and you sell or move goods to other VAT registered businesses within the European Union (EU), you must record and report data on your activities. There are two systems - Intrastat and the European Community (EC) Sales List.

This workshop provides a grounding in VAT and Intrastat two closely linked subjects in international trade. It explains your legal obligations and responsibilities under the

Intrastat scheme and the terminology behind it.

Contents:

  • What is VAT?
  • Who does it affect?
  • Levels of liability
  • Types of VAT
  • VAT registration
  • The VAT return
  • Suppliers
  • Customers
  • Invoices
  • VAT schemes
  • VAT reliefs
  • EU VAT
  • INTRASTAT
  • Arrivals
  • Despatches
  • Supplementary Declarations
  • EC Sales list
  • Imports
  • Exports
  • Services
  • E-commerce
  • Record-keeping
  • Responsibility of the trader
  • Pitfalls
  • New requirements for 2010