A guide to Intrastat
Description

This is a guide on Intrastat in Sage 50 Accounts, including what it is, how to set up Sage 50 Accounts for Intrastat, how to confirm Intrastat arrivals and dispatches, as well as how to troubleshoot any issue you might have when processing Intrastat.

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Overview

 Important: From 1 January 2022, movements of goods between Great Britain and the EU, or Great Britain and Northern Ireland, are no longer covered by Intrastat. Northern Ireland businesses are still covered by Intrastat as part of the Northern Ireland Protocol. For more information about this and other changes, visit our Legislation Help Centre >

Intrastat is the system that records statistics for the physical trade in goods between EU Member States. 

 Important: Intrastat is only available in Sage 50 Accounts Professional.

 NOTE: Only the supply of goods is included, not the supply of services. 

If you meet the HMRC or Revenue thresholds for arrivals or dispatches, you must submit monthly Supplementary Declaration forms for dispatches and arrivals to or from EU countries. If you meet an additional Delivery Terms threshold, you also have to provide delivery codes for the terms of delivery on the intrastat returns.

In Sage 50 Accounts Professional you can produce an Intrastat report, set defaults for how these reports are created, confirm goods that are to be included in the declarations and produce a CSV report which can be submitted to HMRC. Once the goods on an order have been flagged as Intrastat reconciled they are not included on future returns. Intrastat returns in Sage Accounts are based on the information entered for sales and purchase orders.

 NOTE: You can't submit the Intrastat Report directly from Sage Accounts.

 

For more information about Intrastat, please refer to your relevant tax authority. For UK businesses, refer to HM Revenue & Customers (HMRC), Notice 60 - Intrastat General Guide: www.hmrc.gov.uk. Businesses in the Republic of Ireland should refer to Revenue www.revenue.ie

Set up Intrastat in Sage 50 Accounts Professional

How to make sure your company in Sage 50 Accounts is set up ready if you need to confirm Intrastat arrivals or dispatches, including how to:

  • Set up your country code
  • Set up your product records
  • Check your Intrastat reporting options

Read more >


Create Intrastat Dispatches Confirmation (SOP) 

How to confirm your Intrastat Dispatches (SOP)

Read more >


Create Intrastat Arrivals Confirmation (POP) 

How to confirm your Intrastat Arrivals (POP)

Read more >


Troubleshooting Intrastat

A list of some issues that can occur when you try to confirm Intrastat arrivals or dispatches in Sage 50 Accounts, and how to resolve them.

[BCB:123:Limitless - 50 Accounts - Sales / Purchase Orders:ECB]

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