If you live in Jersey and have more than an ounce of entrepreneur in you, then you’ve probably come across the term LVCR or Low Value Consignment Relief. The UK press term it as a tax loop hole but basically it’s an EU law that was constructed so that the different EU nations would not have to collect VAT or (GST) on low value imports from non-EU nations. This was because the cost of collecting this tax would outweigh the actual tax revenue collected.
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