Regulation 3

Replace the heading to regulation 3 with “Information collected on the value added tax return”.

For regulation 3(1) and 3(2) substitute—

“3.

(1)

The Commissioners may treat the following information collected in accordance with regulations^f1 made under section 58 of, and Schedule 11 paragraphs 2(1) and 2(11) to, the Value Added Tax Act 1994^f2 (information collected on the VAT return) for Intrastat purposes (see Article 10(1) of the establishing Regulation)—

(a)

information about the value of supplies of goods and related costs to other Member States;

(b)

information about the value of acquisitions of goods and related costs from other Member States.

(2)

If a party’s annual value of intra-Community trade is at or below £260,000, that party may be treated as exempt from providing Intrastat information and is not subject to regulation 4 (supplementary declarations) (and see Article 10(1) of the establishing Regulation).”.