All wine is subject to Import Duty and VAT; however, the liability for this remains suspended whilst the wine is held under bond in an HMRC-regulated warehouse. Should you choose to remove your wine from bond, the Duty and VAT will become payable at the prevailing HMRC rate at the time of removal. This is charged directly to the owner by the bonded warehouse on behalf of HMRC before the wine can be released.
Wine sold in bond is not subject to Duty or VAT as liability for this remains suspended, once sold the liability for such passes to the buyer or new owner.
Import Duty is calculated per litre, which may vary according to HMRC rates at the time of removal and VAT is based on the purchase price of the wine, not the current value.