Cryptic crossword clue
Put up European tax shelter limits 7

The most common and most likely answer to this crossword clue is the 7 letter word ELEVATE

I've seen this crossword clue in The Guardian
E
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E
V
A
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Buddy explains!

The straight part
We know that "Put up" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case put up = elevate.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does ELEVATE mean?

ELEVATE verb
  1. To raise (something) to a higher position.
  2. To promote (someone) to a higher rank.
  3. To confer honor or nobility on (someone).
  4. To make (something or someone) more worthy or of greater value.
  5. To direct (the mind, thoughts, etc.) toward more worthy things.
  6. To increase the intensity or degree of (something).
  7. To lift the spirits of (someone)
  8. To intoxicate in a slight degree; to make (someone) tipsy.
  9. (Latinism) To attempt to make (something) seem less important, remarkable, etc.
ELEVATE adjective
  1. Elevated; raised aloft.

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