About: Low-value consignment relief

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When goods are imported into a European Union country from a non-EU territory, those goods may be subject to customs duty, excise duty and value-added tax. Value-added tax is an EU tax adopted by the member states of the European Union. However, an optional exception is allowed on low value shipments to member states in the form of an EU administrative VAT relief, known as Low Value Consignment Relief or LVCR. It is governed by the EU Council Directive 2009/132/EC.

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rdf:type	yago:WikicatValueAddedTaxes yago:Abstraction100002137 yago:Charge113400798 yago:Levy113308864 yago:Liabilities113396054 yago:Possession100032613 yago:Relation100031921 organisation yago:Tax113308999
rdfs:label	Low-value consignment relief (en)
rdfs:comment	When goods are imported into a European Union country from a non-EU territory, those goods may be subject to customs duty, excise duty and value-added tax. Value-added tax is an EU tax adopted by the member states of the European Union. However, an optional exception is allowed on low value shipments to member states in the form of an EU administrative VAT relief, known as Low Value Consignment Relief or LVCR. It is governed by the EU Council Directive 2009/132/EC. (en)
dcterms:subject	Value added taxes
Wikipage page ID	28597695 (xsd:integer)
Wikipage revision ID	1107764306 (xsd:integer)
Link from a Wikipage to another Wikipage	European Union value-added tax Value-added tax Lift-on/lift-off Condor Ferries VAT-free imports from the Channel Islands European Union Jersey Port of Southampton Value added taxes Brexit transition period Customs duty Excise duty dbr:Channel_Island_Lines dbr:Huelin-Renouf
sameAs	Low-value consignment relief Low-value consignment relief Low-value consignment relief Low-value consignment relief
dbp:wikiPageUsesTemplate	dbt:Citation_needed dbt:Reflist dbt:Use_dmy_dates dbt:Economy_of_the_European_Union
has abstract	When goods are imported into a European Union country from a non-EU territory, those goods may be subject to customs duty, excise duty and value-added tax. Value-added tax is an EU tax adopted by the member states of the European Union. However, an optional exception is allowed on low value shipments to member states in the form of an EU administrative VAT relief, known as Low Value Consignment Relief or LVCR. It is governed by the EU Council Directive 2009/132/EC. LVCR is an optional form of VAT relief designed to speed up the transit of low value goods through the mail which might otherwise be delayed by customs and also to reduce the cost of tax collection where it might not be practicable. Member states, if they decide to allow this relief, can set it at a maximum limit of between €10 and €22, but must ensure that it is applied in a way that does not cause competitive distortion or allow VAT abuse. After the Brexit transition period, the UK withdrew LVCR meaning that all imports to the UK have attracted VAT regardless of their value since 1 January 2021. The European Union is expected to implement similar changes from 1st July 2021. An example of the use of LCVR was found in the LVCR allowed by the UK on shipments originating from the Channel Islands. While this was in place the rate of UK domestic VAT went unchanged and this allowed internet order fulfillment centres to appear in the Channel Islands for packages under £18 (€22). In 2011 the UK Treasury announced that from 1 April 2012, LVCR would no longer apply to goods imported to the UK from the Channel Islands. It was announced on 4 October 2012 that Condor Logistics would close its operations with the loss of about 180 jobs (110 in the UK, 50 in Jersey and 20 in Guernsey). The closure was blamed on changes to LVCR affecting the Channel Islands. In August 2013, , which had operated a lift-on/lift-off container service for 80 years between the Port of Southampton and the Port of Jersey, ceased trading, although the business was later taken up by a market entrant, . (en)
gold:hypernym	Tax
prov:wasDerivedFrom	wikipedia-en:Low-value_consignment_relief?oldid=1107764306&ns=0
page length (characters) of wiki page	4668 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Low-value_consignment_relief
is Link from a Wikipage to another Wikipage of	Condor Ferries VAT-free imports from the Channel Islands Last Shop Standing (book) Economy of Jersey Jersey LVCR Low Value Consignment Relief
is Wikipage redirect of	LVCR Low Value Consignment Relief
is foaf:primaryTopic of	wikipedia-en:Low-value_consignment_relief

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