Wines in bond

Wines in bond, or simply 'in bond', are purchased wines held in a bonded warehouse, which have not passed through customs, with no Duty and VAT paid on them.[1]

Often, wine brokers and merchants will buy wine in bond because it saves having to pay VAT and Duty on the wines if they are most likely going to be resold.[2] Under UK law, they must be stored in a bonded warehouse approved by HM Customs & Excise.[3]

See also

References

  1. ↑ "Wine In Bond | Wine Bonds Guide | The London Wine Cellar". The London Wine Cellar. Retrieved 2015-12-17.
  2. ↑ "A corking investment or a risky punt? How to invest in wine and avoid the pitfalls of plonk". This is Money. Retrieved 2015-12-17.
  3. ↑ "Wine trade: regulations - Detailed guidance - GOV.UK". www.gov.uk. Retrieved 2015-12-17.

External links


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