How do I run an Intrastat report in SAP?
SAP Menu: Logistics > Governance, Risk and Compliance > International Trade > Intrastat > Select Dispatches and Customer Returns (Tcode: VE01).
What is Intrastat in Europe?
Intrastat is the data collection system for compiling statistics on international trade in goods between the European Union (EU) Member States.
What is Intrastat in SAP GTS?
In SAP GTS, Intrastat declaration forms are created and forwarded in files of a defined format to external institutions, such as the Federal Statistics Office of Germany. Agency Business supports the following use cases: Intrastat declarations on behalf of your own company for arrivals and dispatches (common use case)
What should I report on Intrastat?
What goes into Intrastat Declarations?
- Description of the goods.
- Commodity code of the goods.
- Quantity and value of the goods.
- Delivery terms.
- Country of departure and arrival (using country codes)
- Any shipping costs.
What is INTRASTAT report in SAP?
Intrastat is a trade report where you report movements between 2 different EU countries. It has to be done monthly for imports and exports. It requires customizing and master data maintenance.
What is EU saleslist?
In general, an EU Sales list report contains basic information about the reporting party and the values of supplies of goods and services. The information is grouped by the country and VAT identifier of a counterparty. Close the EU Sales list reporting period.
What is SAP Intrastat?
Intrastat is the statistical declaration used by EU member states to collect data on the physical movement of goods between member states. Monthly intrastat declarations are a legal obligation for many businesses although the thresholds that govern whether a business must submit a declaration can vary by member state.
Do I need to do Intrastat in 2022?
You must register for Intrastat if, in any calendar year (from 1 January to 31 December), your business either: receives more than £500,000 worth of goods from the EU into Northern Ireland.
What is SAP INTRASTAT?
Is SAP GTS part of S 4HANA?
The newly developed foreign trade functionalities in SAP S/4HANA are grouped under SAP S/4HANA for International trade. All companies that make use of the classic SAP GTS, certainly, deploy SAP GTS along with SAP S/4HANA on-premise.
What is Intrastat reporting in SAP?
What is INTRASTAT ID?
INTRASTAT is the system for collecting information and producing statistics on the dispatches and arrivals of goods between countries of the European Union (EU). It began operation on 1 January 1993.
What is partner VAT ID on INTRASTAT?
Partner VAT ID
This is a combination of the country code and the VAT number of the partner operator (buyer / receiver of goods). This will be the VAT number of the customer to whom the goods are dispatched.
What is the difference between Intrastat and EC sales list?
Intrastat is a statistical return and EC Sales list is a tax return. Intrastat is sent to customs and statistical authorities whereas EC Sales is submitted in the portal of your usual tax returns.
Are Ecsl still required?
Overview. For the export of goods from Great Britain or the supply of services from Great Britain and Northern Ireland made to EU businesses on or after 1 January 2021, you will not need to submit EC Sales Lists. You will have until 21 January 2021 to submit EC Sales Lists for sales made on or before 31 December 2020.
Is Intrastat still required?
You do not need to use Intrastat for goods you move between Great Britain (England, Wales and Scotland) and the EU , or between Great Britain and Northern Ireland. If your business is not VAT registered, you do not need to register for Intrastat. When you’ve registered, you must make monthly Intrastat declarations.
What is the latest version of SAP GTS?
After a long wait, SAP has finally released a revamped version of GTS, called SAP GTS edition for SAP HANA in Q4 of 2020. Along with this newer version SAP has also released Service Pack 18 for SAP GTS 11.0 for existing GTS customers.
How does SAP GTS work?
SAP Global Trade Services (GTS) helps you to automate your international trade processes, manage your partners and compliance-related documents and ensure that your company monitors and complies with the ongoing revisions and amendments to international legal requirements.
What is an INTRASTAT return?
Intrastat is the system for collecting statistics on the movement of goods, not services, between Member States of the EU. The general concept of intra-EU trade statistics is independent from the ownership of the goods. It concerns only their physical movement.
What is Intrastat used for?
Intrastat is the system for collecting information and producing statistics on the trade in goods between countries of the European Union (EU). It began operation on 1 January 1993, when it replaced customs declarations as the source of trade statistics within the EU.
What is the Intrastat code?
Intrastat commodity code
The commodity code is an eight-digit coding system, comprising the Harmonized System (HS) codes with further EU subdivisions. The commodity codes are also called Combined Nomenclature (CN) and they are used by the EU Member States to collect detailed data on their trading of goods.
Do I still need to submit EC sales list?
What is ESL and Intrastat?
VAT registered businesses that supply goods and services may have to complete an EC Sales List (ESLs). Another system for collecting statistics on the trade of goods between EU member states is called Intrastat. The movement of goods between member states are called either arrivals or dispatches.
Is Intrastat required after Brexit?
Is Intrastat required 2022?
From January 1, 2022, Intrastat declarations will only need to be submitted for movements of goods between Northern Ireland and the EU. Movements between Great Britain (England, Scotland and Wales) and the EU will no longer be covered by Intrastat due to Brexit.