Intrastat returns are statistical reports that businesses registered for VAT in the UK need to submit to HMRC regarding their trade in goods with EU member states. UK VAT registered businesses that acquire goods from EU member states above an annual threshold of £1.5 million. This is called an Intrastat Arrivals declaration. UK VAT registered businesses that supply goods to EU member states above an annual threshold of £250,000. This is called an Intrastat Dispatches declaration. If the trade in goods is below these thresholds, submitting Intrastat returns is not required. For both Arrivals and Dispatches, the Intrastat return requires details such as: Commodity codes of the goods traded using the 8-digit CN codes Transaction values of the goods in sterling, excluding VAT Quantities such as net mass or supplementary units Partner country involved in the trade Nature of transaction like purchase/sale Transport method used This statistical data is compiled every month and submitted to HMRC by the 10th day of the following month. Nil returns have to be submitted if there were no EU trade movements.