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VAT and small non-commercial consignments: regulations

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The Value Added Tax (Small Non-Commercial Consignments) Relief (Amendment) Order, SI 2012/3060, amends SI 1986/939 to reduce the value limit for goods imported outside the EU from £40 to £36 in order to comply with Council Directive 2006/79/EC. The directive sets the limit at €45 and the Euro was revalorised on 1 October 2012.

Issue: 1151
Categories: News , Indirect taxes , VAT