European Commission to close VAT loophole

Amelia Schwanke

November 06, 2015

The European Commission is reviewing the low value consignment relief (LVCR) VAT loophole, which is said to have cost the European Union (EU) more than €500 million ($538 million) since 1999.

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European Commission to close VAT loophole

The European Commission is reviewing the low value consignment relief (LVCR) VAT loophole, which is said to have cost the European Union (EU) more than €500 million ($538 million) since 1999.

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