There is no requirement to pay UK Excise Duty and Value Added Tax on the wine you have purchased until such time as the wine is removed from bonded storage. On the event of wine being removed from bonded storage the current Tax charges will be triggered:
|Type||Case size: 6 x 75cl||12 x 75cl|
Prices correct as of March 2017 Budget.
Value Added Tax
VAT is currently chargeable at the rate of 20% of the net value.
If you acquire and subsequently sell the wine and it remains under bond these charges will not be triggered.