Wines 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]
Wine brokers and merchants will often 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.[citation needed] Under UK law, they must be stored in a bonded warehouse approved by HM Revenue and Customs.
wines, bond, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, april, 2010, l. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Wines in bond news newspapers books scholar JSTOR April 2010 Learn how and when to remove this message Wines 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 Wine brokers and merchants will often 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 citation needed Under UK law they must be stored in a bonded warehouse approved by HM Revenue and Customs See also editBonded warehouse Investment wineReferences edit Wine In Bond Wine Bonds Guide The London Wine Cellar The London Wine Cellar Retrieved 2015 12 17 External links editThe London Wine Cellar Wine Bonds Guide Portal nbsp Drink nbsp This wine related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Wines in bond amp oldid 1098213974, wikipedia, wiki, book, books, library,
