Buying Fine Wine - in Bond

Buying in Bond

Buying “in bond” means that you will be invoiced for your wine net of duty and VAT.

Wines purchased in bond can be cellared in Lay & Wheeler's customer reserves cellar at Vinothèque in Burton-upon-Trent, where they will be stored in optimum conditions until you wish to withdraw them. Your wines will be cared for under the Portfolio Service.

Why buy in bond?

Buying in bond allows you to spread the cost of purchase by deferring the payment of duty and VAT on your wine until such a time as you wish to have the wine delivered.

We also recommend that, if you wish to sell your wines at a later date, they should be cellared in bond.

What will I pay?

Wines purchased in bond are purchased excluding duty and VAT.
Each year, you will receive a statement of your wine portfolio. This information can also be found in real-time on our website.
When you decide to take delivery of the wines you are required to pay the prevailing rate of UK duty and VAT, and the prevailing post-shipment carriage rate.
UK VAT is 17.5%* and is levied on both the purchase price and the appropriate duty.
Wines cellared with Lay & Wheeler are subject to cellarage and Portfolio Service charges.
Terms and Conditions Please see Lay & Wheeler’s standard terms and conditions of cellarage

Current Duty Rates

As an illustration current rates* for selected styles and formats are:

Wine Style	9lt Case Rate	Rate per 75cl Bottle
Still Wine (5.5%-15%)	£20.25	£1.69
Still Low Alcohol Wine (4%-5.5%)	£8.58	£0.71½
Sparkling Wine (8.5%-15%)	£25.94	£2.16
Sherry / Port (15%-22%)	£27	£2.25