Penalties for late or inaccurate SDs

Question:

When should I submit the declaration?

-          Normally the due date is the 15th day of the month.

What happens if I forget to submit my intrastate declaration?

-          Depending how late you are, the fine starts from 100€. In the worst scenario you may be committing a criminal offence and face the court.

Sometimes you might forget to submit the Intrastat Declarations; if you do forget to do it before the due date or send data that is inaccurate or incomplete, in the worst scenario you may be committing a criminal offence. Normally the due date is the 21st day of the month following the month they relate to.

The possible penalties for late or inaccurate SDs may be determined where SDs are continuously late, inaccurate, incomplete or missing. The penalty could result in proceedings in the Court.

If your business receives a warning of possible criminal proceedings letter, and as a result you bring your Intrastat declarations completely up to date, you may receive a fine instead of going to court. However, if unlucky, if you still fail to proceed the correct declarations, you may be taken to court.

Records to keep and interstat requirments

Technical information to help you decide which method is most suitable for submitting your Intrastat Supplementary Declarations (SDs).

You can keep records by the following electronic options for submitting your intrastat SDs , and they are:

- Intrastat SD Online (via the internet)

- Intrastat SD Electronic Data Interchange

- The online facility for amending previously submitted data

You can submit as many Intrastat SDs as you like each month. Submitting nil returns will prevent you from being contacted for missing declarations and timely, complete and accurate submissions will avoid costly penalty action.
This guide sets out the technical information you need to determine which method is most suitable for the scale and frequency of your trade in goods within the EU.

Also requirments that is important is :

- Submit timely SDs by the 21st day of each month following the month of account

- Submit accurate SDs

- Keep a copy of every SD they make or which is made on their behalf

- Keep copies of all papers and documents which have been used to compile SDs

- Keep records for 6 years, these can include computerised records in a legible format in line with VAT requirements

Questions-

How we can recod to keep interstat SDs and how long we keep?

 You can keep records by the following electronic options for submitting your intrastat SDs , and they are:

- Intrastat SD Online (via the internet)

- Intrastat SD Electronic Data Interchange

- The online facility for amending previously submitted data

We Keep papers and electronic interstat records for six years , with VAT requirments