Her Majesty’s Revenue and Customs (HMRC) has published a revalorisation for the import VAT threshold as applied to low value goods which are sent between private individuals.

HMRC announced an amendment of the Value Added Tax (Small Non-Commercial Consignments) Relief Order 1986, in which they prescribe an increase in the gift value threshold from £34 to £39, effective from 1 January 2017.

In order for such a transaction to be valid, it needs to meet the requirements set by the gift relief EC Regulation 1186/2009 – Chapter VI – Articles 25 – 27. In other words, the low value item must be sent by a private individual from outside the European Union and arrive in the European Union for another private individual, who will use it exclusively for family or personal use.

By |January 26th, 2017|