Intrastat modernization plan 2020 postponed to 2022
As the Intrastat specialist to large multinationals, Pincvision closely monitors any regulatory changes and developments in this domain. This is why during the Pincvision Compliance Cruise 2018, the European Commission – department for European statistics (Eurostat) shared its modernization plans with us and our cruise attendees.
Obviously we have been in close communication on these developments with the European Commission. In this article we like to catch you up on the modernization plans and updated expected implementation timelines.
The FRIBS (Framework Regulation Integrating Business Statistics) that was initially set to be implemented in 2020 has been postponed with 2 year to start from January 2022. This is confirmed by Eurostat. The expectation to have the legislation complete is approximately in the 4th quarter of 2019 (after the European elections).
This means that as from January 2022, all EU Member States only need to provide the Intra EU supply (Dispatch) microdata and no longer the Intra EU acquisition (Arrival) to Eurostat. All data will be analyzed by Eurostat and the relevant data for Arrival will be provided back to the Member States.
What will this (not) mean for your Intrastat reporting?
First of all, what does this not mean! Although the EU Member States will not meet to report the Arrival data to Eurostat, this does not automatically mean the Arrival declaration will get dropped by local statistical authorities. It is up to the Member State to decide if and when to drop the local reporting obligation.
Then, what will this mean for your Intrastat reporting? Two additional columns/fields will be added to the dispatch data set that the Member States need to provide to Eurostat:
- VAT registration number of the counterparty
- Country of Origin (In most cases, this is already being reported on the arrival declarations)
Over the last years a couple of countries already started to collect this information in the current dispatch declaration for Intrastat (see news article 'Additional requirements for Intrastat reporting in Hungary and Belgium starting in 2019'), but most of the countries need to change their setup in order to collect this data as well.
From your side, this would also mean a change in the setup of the ERP system, in order to populate this information in the Intrastat dispatch declaration.
Besides the additional data that Eurostat likes to receive, the type of data is changing as well. At this moment, the data that is reported will be aggregated by the Member States before sending this to Eurostat. As from 2022, the data needs to be on detailed level so Eurostat can analyze and provide the correct Arrival data to the Member States.
Let us assist you!
In case you are not outsourcing your Intrastat reporting to Pincvision (yet), but like to know what this could mean for your organization? We suggest to read more about our Pincvision Intrastat service. Do you want to speak with one of our experts? Please do not hesitate to contact us by calling +31(0)88-4321800 or send an email to firstname.lastname@example.org
If you would like to stay informed, sign up for our monthly newsletter. We will keep you updated about this topic and other trade compliance related news!