Understanding Intrastat Reporting

Intrastat reporting on the physical movement of goods between European Union (EU) member states is available if you implement PeopleSoft Order Management, Inventory, Purchasing, Payables, and Billing. Each EU country may require different information on Intrastat reporting forms. You define that information with Intrastat characteristics. PeopleSoft delivers populated tables that contain fiscal regimes or statistical procedures, and nature of transaction codes. You can add to or change the values.

The system automatically compiles the transactions that are described in the next sections for Intrastat reporting.

Note:

The Intrastat Reporting topic provides information about Intrastat reporting and the functionality that PeopleSoft provides to facilitate Intrastat reporting. It is not to be construed as tax advice nor is it intended to document all the ramifications of reporting for Intrastat. Please consult your tax professional to insure your full compliance with the laws and regulations dealing with Intrastat transactions and Intrastat reporting.

Dispatches

The following types of transactions are defined as dispatches:

  • Shipments that originate from sales orders in PeopleSoft Order Management.

  • Shipments that originate from interunit orders in PeopleSoft Inventory.

  • Return-to-vendor transactions that originate in PeopleSoft Purchasing.

  • Financial adjustments that originate in PeopleSoft Billing.

Arrivals

The following types of transactions are defined as arrivals:

  • Purchase receipts that originate in PeopleSoft Purchasing.

  • Interunit receipts that originate in PeopleSoft Inventory.

  • Inventory receipts for material that is returned from customers.

  • Financial adjustments that originate in PeopleSoft Payables.

You select the default nature of transaction codes and fiscal regimes or statistical procedures for each of the transactions that the system compiles. Change the default values, or enter other transactions that don't compile automatically.

The Intrastat Transaction Loader process populates the Intrastat transaction tables with transactions that are eligible for reporting. After the tables are populated, define the information to include on a report. You can also print a draft or final copy of an Intrastat report and drill down to report details. The application documentation describes how it handles Intrastat transactions.

Related Topics