What does it mean when wines are in bond?
Wines 'in bond' have not yet had the Duty and VAT paid on them. They must be stored in a bonded warehouse approved by HM Customs & Excise.
What wines can I buy in bond?
95% (but not all) of our wines can be purchased in bond. They must be purchased by the unmixed case (e.g. 12 bottles, 24 half bottles, 6 magnums) and not available for delivery or consumption within the EU (Duty and VAT must be paid before delivery can take place). i.e. in Bond purchases exclude Duty and VAT. If/when you choose to have the wines delivered (anywhere in the EU) these taxes become payable (at UK rates).
What are the advantages of buying 'in Bond'?
- The Duty and VAT is deferred. Should you choose to sell the wine on (in bond) at a later date, you will never pay Duty and VAT.
- If you choose to have the wine delivered at a later date, the VAT is payable on the original sale price of the wine, NOT its current market value.
- Wines stored in bond are much more attractive to prospective buyers and brokers. Merchants or brokers will usually give you the same price whether or not the wine is duty and VAT paid. Therefore if you sell your wine in bond, you will save the equivalent VAT and duty charges.
- Traceability and Provenance - wines stored in bond are much easier to trace (there are a limited number of bonded warehouses). Therefore, there is a better chance that wines have been stored correctly.
Our storage costs?
We can store both bonded and duty paid goods on your behalf in our Customers' Private Reserves. See our prices.
How much is Wine Duty?
£2.23 per 75cl bottle of still wine.
£2.86 per 75cl bottle of sparkling wine.
£2.98 per 75cl bottle of Port wine
UK VAT = 20% (applied after duty)
Rates are subject to change by the government at any time.
How do I order bonded goods?
In Bond wines can be ordered online just like other wines. You can choose to view wines that are only available in bond by selecting this radio button option on the top of a wine list or a product page.