Low-value consignment

Also called: LVC · small parcel · düşük kıymetli gönderi

A shipment, typically an e-commerce parcel, whose value falls below a threshold that triggers special tax or customs rules. In the EU and UK, VAT on such goods is normally charged at the point of sale through IOSS or by the online seller, and simplified declarations with reduced data sets may be used.

In practice

Marketplaces and sellers are increasingly liable for collecting tax on low-value goods, so checkout systems must calculate it correctly.

Applies to: EUUKUSATürkiye

Related terms

De minimis threshold
A value limit below which imported goods are cleared without duty or with simplified formalities. The EU ended its 150 euro duty relief on 1 July…
IOSS
An EU scheme in which sellers or marketplaces charge EU VAT at the point of sale on distance sales of imported goods in consignments of up to 150…
Import VAT
Value added tax charged on goods when they enter a VAT territory, collected by customs together with duty. Its base is normally the customs value…

All terms →