Intrastat

Working together with its EU VAT network, 4 Eyes Ltd provides specialist VAT advisory services to non-UK based companies trading in the UK and to UK companies trading throughout the EU.

In addition to the usual VAT reporting requirements, businesses that make or receive VATable supplies of goods (above certain thresholds) to or from EU member states will be required to report these on a monthly basis through Intrastat Supplementary Declarations.

Business making these Supplementary Declarations are required to accurately record commodity details by reference to the Intrastat Combined Noencalture (ICN). Failure to correctly report Intrastat is a criminal offence.

4 Eyes Ltd will analyse supplies to identify the correct Intrastat classification and will also act as agent in the preparation and submission of Intrastat returns.