Statistical Threshold – Sterling figure to apply for 2021
This section is News
Update to statistical threshold
Background
Statistical legislation lets the UK apply an optional concession where items below a given statistical threshold may be aggregated in our trade statistics. The statistical threshold is defined in legislation as ‘£873 (in value) or 1,000kg (in net mass)’.
It allows simplified export declarations to be made for goods valued below the statistical threshold using export Customs Procedure Code (CPC) 1000097, and, for Memorandum of Understanding approved operators to use Customs Procedure Codes 1000067 and 1000077 along with supplementary declaration CPC 1000007. It can also be used for imports of goods under Merchandise in Baggage.
The UK conducts an annual review of the value aspect of the statistical threshold.
Statistical Threshold to apply for 2021
Due to the current pound and euro exchange rate, and the revised legislation brought in under the Union Customs Code, the value aspect of the statistical threshold for the UK in 2021 will remain at £873.
Contacts
Questions about the statistical threshold should be e-mailed to the UK Trade Info Customer Services team.