LVCR

AcronymDefinition
LVCRLow Value Consignment Relief (customs; UK)
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References in periodicals archive ?
He said: "The law states that LVCR should be disallowed if it is used for tax avoidance or distorts the local market in favour of any particular retailer.
LVCR was designed to cut the cost of importing individual goods, worth pounds 18 or less, by exempting them from VAT.