How do I run an Intrastat report in SAP?
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 needs to be reported in Intrastat?
Intrastat filings require details of all dispatches (sales) of goods to other EU countries, plus the arrivals (purchases). Details required of each transaction include: Description of the goods. Commodity code of the goods.
What is Intrastat in SAP GTS?
You transfer this data from Agency Business to SAP Global Trade Services (GTS). In SAP GTS, you can create and edit Intrastat declaration forms for forwarding in files of a defined format to external institutions, such as the Federal Statistics Office of Germany.
Is Intrastat reporting required after Brexit?
After the end of the Brexit transition period on 31 December 2020, businesses importing (arrivals) goods into Great Britain (UK minus Northern Ireland) from the EU are still be expected to prepare monthly Intrastat reports if over the £1.5m reporting threshold. This will only apply for 2021.
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.
Where is commodity code in SAP?
The defined Commodity Codes be seen in the following tables as stated in SAP Note. These datas are stored in /SAPSLL/CLSNR (Trade Classification Number) tables. You can find the description of commodity codes in /SAPSLL/CLSNRT (description of commodity codes) tables.
What is Intrastat reporting in SAP?
Is Intrastat for goods only?
Intrastat is the name given to the system for collecting statistics on the trade in goods between the UK and EU member states. The requirements of Intrastat are similar in the UK and all EU member states.
What is an Intrastat declaration?
An Intrastat Declaration is a report outlining transport of goods between two EU Member States that must be submitted by relevant persons in terms of Subsidiary Legislation 406.18.
Do I need to report Intrastat?
HMRC has confirmed that there is still an obligation to submit the Intrastat declarations for the entire year of 2021 for the Intrastat EU arrival in the UK. Businesses importing (arrivals) goods into Great Britain (England, Wales and Scotland) from the EU are still expected to prepare monthly Intrastat reports.
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 should be on EC sales list?
Use an EC Sales List to show:
- details of each of your EU customers.
- the sterling value of the supplies you have made to them.
- the customer’s country code.