Ireland Nature of Transaction Code

Note:

This topic is for NetSuite accounts that use the Country Tax Report page to generate the Ireland Intrastat Report. If you're using the EU Intrastat Report page, see Nature of Transaction Code.

The Intrastat report for Ireland declares the nature of transaction through the following codes:

Code	Nature of Transaction
1	Transactions involving actual or intended transfer of ownership from residents to non-residents against financial or other compensation, outright purchase/sale, barter trade and financial leasing. (Don't use this code for transactions listed under codes 2, 7, 8).
2	Return of goods and replacement of goods free of charge after registration of the original transaction.
3	Transactions involving transfer of ownership without financial or in kind compensation (e.g. aid shipments).
4	Operations with a view to processing. Processing covers operations (transformation, construction, assembling, enhancement, renovation…) with the objective of producing a new or really improved item. This doesn't necessarily involve a change in the product classification. Processing activities on a processor’s own account aren't covered by this item and should be registered under item 1 under contract (no transfer of ownership to the processor).
5	Operations following processing under contract (no transfer of ownership to the processor).
6	Particular transactions recorded for national purposes.
7	Operations under joint defence projects or other joint inter-governmental production programs.
8	Transactions involving the supply of building materials and technical equipment under a general construction or civil engineering contract, where no separate invoicing of the goods is required, and where an invoice for the total contract is issued.
9	Other transactions not recorded above (including hire, loan and operational leasing longer than 24 months).

For more information about the Nature of Transaction Code (NOTC) field, see Nature of Transaction Code.

General Notices