Intrastat - step by step process
Intrastat step four: penalty procedure
If you fail to submit your Intrastat SD by the due date or send incomplete or inaccurate data you may be committing a criminal offence.
Penalties can be incurred where SDs are:
- inaccurate or incomplete
Any penalty action HMRC have to take could result in proceedings in a Magistrates Court. This could lead to a maximum fine of £2,500 being imposed for each offence.
However, this action is seen as a last resort in cases of persistent non-compliance with the Statistics of Trade (C&E) Regulations 1992. We can and do provide help on the completion of the Intrastat forms for businesses experiencing difficulties.