Are there minimum thresholds below which import taxes are waived?

For imports into the EU, there are minimum thresholds below which duty is waived. Duty is not charged if either:

• the total value of the goods (not including shipping charges or insurance) does not exceed £135 (€150, or equivalent in local currency), or
• the amount of duty payable on a commodity, does not exceed £9 (€10, or equivalent in local currency)

Neither duty nor VAT is payable if the total value of the goods (not including shipping charges or insurance) does not exceed £15.