What is intrastat reporting
Intrastat is the system behind the statistics of the trade of goods between Denmark and the other EU countries. Intrastat was introduced in 1993 with the introduction of the common market and replaced the former system, which was based on the documents used for customs clearance of goods. Intrastat excludes trade in services.
Intrastat is based on data submitted by Danish companies with a total import and/or export of goods exceeding 6 m. DKK for import and 5 m. for export. This limit is adjusted annually for import and eksport.
Companies are selected based on the information which is reported to SKAT in connection with VAT returns, as well as previous data submitted to Intrastat.
The following information is collected for imports as well as exports:
- Reference period (when goods cross the Danish border)
- Commodity codes in accordance with the Combined Nomenclature (CN)
- Partner country
- Type of transaction
- Invoice value in DKK (whole Danish kroner)
- Net weight in whole kilograms and/or supplementary units, e.g. litres, no. of items (if required in accordance with the CN)
- Intrastat excludes trade in services as well as trade with non-EU countries (Extrastat)
The collection of information for Intrastat is conducted on the basis of EU regulations (EU’s Council Regulation no. 638/2004 with subsequent implementing modifications) applicable in all EU Member States. However, the practical application may differ slightly among the Member States.
WHY IS INTRASTAT IMPORTANT?
the basis of compiling statistics on Denmark’s external trade in goods. As the statistics on Denmark’s external trade in goods are used as input for the balance of payments and by ministries for laying down a general trade policy and creating initiatives concerning new trade agreements, great demands are thus made as to the quality of the data from Instrastat. The statistics on Denmark’s external trade in goods are submitted to European and international bodies, e.g. Eurostat (Statistical Office of the European Communities), United Nations and International Monetary Fund.
Data validation and editing of INTRASTAT
Data declared to Intrastat are subject to validation and editing procedures before external trade figures are published.
In addition to automatic data editing, a range of manual data editing processes are also conducted, where Statistics Denmark makes an assessment of the data reported.
In the Intrastat system, it is checked whether all enterprises liable to report data have complied with their obligation to do so. If this is not the case, a written reminder is sent and the enterprises can be charged with a handling fee.
How do I make corrections to data which has been submitted?
If you report data via the Virk online-form:
- Log on to Virk.dk (see link above)
- Open the form
- Correct the error and submit the data again
If you report data via IDEP.web:
- Log on to IDEP.web (see link above)
- Click on ”Create data report”
- Select ”Replacment declaration” and period