Although trade between EU Member States under Single Market Rules is allegedly free of Customs controls, each EU Member State has been allowed to keep and police its own Excise and VAT rates and how they are accounted. Very few subsidies remain for inter EU trade of agricultural trade and some sensitive (possibly military use) goods still require Dual Use Licences to move between EU Member States; however, rules for Excise, Statistics and VAT are very much in force.
Intra EC Trade – Statistical Returns: INTRASTAT.
Trade for Acquisitions from, or Despatches to, other EU Member States is subject to very few controls. Goods ‘in free circulation’, deemed to have no outstanding EU Duty implications, usually only have an issue of VAT accounting, unless they are subject to Excise or Dual-Use-Licences.
A Sale of Goods sold and despatched by a VAT Registered company in the UK to a company registered for VAT in another EU Member State, can usually be shipped immediately without notice to HM Revenue and Customs and Zero-Rated for VAT; as the recipient is responsible to declare the receipt and value for further VAT accounting.
However, trade with other EU Member States exceeding a turnover of £ 220,000.00 in any year triggers a requirement of the UK Trader to make monthly statistical declarations, called INTRASTAT.
The INTRASTAT values are to match those put to the VAT Return as EC Acquisitions or EC Sales.
Martintrux Dover can submit your INTRASTAT Declarations electronically, and provide you with a receipt confirming the amounts to be transferred to your VAT Return.
Intra EC Trade – Excise Goods: REDS
Martintrux Dover is a Registered Excise Dealer and Shipper. Under ‘REDS’ procedures, we officially record the receipt of wet-Excise goods from other EU Member States, account UK Excise and assist in discharging the liability of the supplier by correctly handling their AAD – Accompanying Administrative Document.
We can only act when full REDS procedures can be started by the Supplier of Excise goods from another EU Member State. Several guarantees and registrations have to be in place before such arrangements can be entered in to; please contact us for further details.