Once you start becoming a serious wine lover and collector, getting comfortable with both understanding and buying wines 'In Bond' is crucial.
So what does it means and why would you do it? We explore that concept here.
In order to offer the best prices possible, we class ourselves as a 'case merchant'.
Our prices, therefore, are per case with the case size featured in the item description.
Common but not resticted to case sizes are: 3x75cl, 6x75cl, 12x75cl, 3x150cl, 12x37.5cl.
You will be seeing two prices on our product pages and they are In Bond and Duty Paid inc VAT.
In Bond - this is the price of the wine without paying local duty and VAT taxes (e.g. if you were to export)
Duty Paid inc VAT - this is the total price you would pay for the wine once you arrange home delivery.
The initial purchase will be for the In Bond price and the duties and VAT being settled up later on. An explanation of our two-step order process can be located here.
Wines that are sold ‘in bond’ have not had the duty and VAT – also known as sales tax – paid on them.
This is a particularly common way to buy wine for investment and is also used for wine that is purchased en primeur.
'In Bond' wines have to stay in a special regulated customs warehouse.
When buying wine, the end price is a result of three components:
*You also pay VAT on the duty
Whilst the wine remains in the warehouse, the duty and VAT do not need to be paid.
Sadly, if you are looking to take the wine out of the warehouse for consumption, then it must be paid for.
In the Netherlands duty per case of 6x75cl is €3.98 for wines that are 15% ABV or less in alcohol.
VAT is 21% in the Netherlands.
E.g. if a case of Tignanello 1990 (6x75cl) cost €100 per 6 In Bond, the breakdown would be as such:
(€100 + €3.98) x 1.21 = €125.81 would be the final price