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UK Foreign Trade – Post Brexit

Overview

Dynamics 365, Foreign Trade supports statutory, EU intra-community trade reporting requirements, specifically Intrastat and EU Sales List report preparation and submission

Intrastat is a statistical submission that documents the movement of goods between your home EU state and all other EU states, incorporating sales departures, purchase arrivals and the transfer of goods to another location within your business.

EU Sales List details the value of sales (items and services) made to individual customers in other EU states.

UK – Post Brexit EU Foreign Trade Requirements

Dynamics 365 fully supports UK, post Brexit, Intrastat and EC Sales List statutory reporting and submission requirements.

Following the UK’s exit from the EU on December 31st, 2020, this broadly means that …

Great Britain (UK Mainland) (GB)

Any business that trades between Great Britain (UK mainland) and the EU …

  • Intrastat – that are Intrastat registered, are still required to make Intrastat submissions, for arrivals only, up until December 31st 2021.
  • EU Sales List – as of January 1st, 2020, there is no longer any requirement to make EC Sales List submissions for trade between Great Britain (UK mainland) and the EU.

Northern Ireland

Any business with a presence in Northern Ireland, that trades between Northern Ireland and the EU …

  • Intrastat – that are Intrastat registered, are still required to make Intrastat submissions, for both arrivals and departures from and to the EU, on an ongoing basis.
  • EU Sales List – that are EC Sales List registered, are still required to make EC Sales List submissions, for the sale of both goods and services to the EU, on an ongoing basis.
Dynamics 365 Foreign Trade and Brexit

The Brexit led changes outlined above for UK VAT registration numbers and UK Foreign Trade reporting required that Microsoft issue Feature Updates to Dynamics 365 Finance to support these legislative changes.

These feature updates are documented by support posts (links below) and need to be enabled and configured as part of a complete UK VAT setup, dependent upon each business’s exposure to the Northern Ireland protocol.

A country specific update to support company tax registration IDs in sales documents and transfer sales to Intrastat with filter by tax registration ID (microsoft.com)

[EU] Brexit – Northern Ireland Protocol impact to Intra-community trade reporting in EU countries. (microsoft.com)