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UK cuts Low Value Consignment Relief simplification threshold

  • VAT
  • 25 December 2015 | Richard Asquith

UK cuts Low Value Consignment Relief simplification threshold

The UK has announced that the threshold for the simplification of reporting on Low Value Consignment Relief is to be cut from £160 to £150.

The simplification enables sellers to group multiple transactions in a single batch, and provide just one commodity code. These are used for declaring imports into the EU, via the UK.

LVCR entitles companies or individuals to import goods into the UK, or other EU member state, without VAT or duties. The UK individual LVCR is £16; the threshold for the rest of the EU is between €10 and €22.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.