Statistical Threshold – Sterling figure to apply for 2023
This section is News
Update to statistical threshold
Background
The UK has a concession where items below the 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 also allows simplified export declarations to be made for goods valued below the statistical threshold using specified CHIEF Customs Procedure Codes, or CDS additional procedure codes.
The UK conducts an annual review of the value (£) aspect of the statistical threshold.
Statistical Threshold to apply for 2023
Due to the exchange rate in October 2022, the £ value of the statistical threshold for 2023 is set at £873.
Contacts
Questions about the statistical threshold should be e-mailed to the UK Trade Info Customer Services team.