BBR - UK
Website | https://www.bbr.com/about/in-bond |
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Description |
Key: Buying wine in-bond & selling in-bond = no paying Duty or VAT
When you buy a wine In Bond, you do not yet pay Duty and VAT. Such a wine must be stored in a bonded warehouse approved by HM Customs & Excise – such as we have at Berry Bros. & Rudd. When you withdraw the wine, you will then need to pay the Duty and VAT. But if you decide to sell your wine while In Bond – as you can do with BBX, our fine wine exchange – you will never pay the Duty or VAT.