DP (Duty Paid)
Duty Paid Wine refers to stock that it is lying in our warehouse in Melton, East Yorkshire and the price shown includes Duty and VAT at the prevailing rates.
IB (In Bond)
The term In Bond refers to stock that is currently stored in our a bonded warehouse in Melton, East Yorkshire and that has not yet been subject to Duty and VAT payments or delivery/transfer charges coming out of Bond.
EP (En Primeur)
The term En Primeur refers to the process of buying wine that is still in barrel and yet to be bottled, before being released by the Château/Domaine owner onto the global wine market. The wine is usually delivered two years after the vintage, and can only be purchased by the unmixed case. Before it is bottled you can choose how you wish it to be bottled i.e. half bottles, magnums, imperials. The main advantage of buying wine En Primeur is that the initial opening prices are usually considerably cheaper than after the wine is bottled and shipped by the producer.
Costs associated with purchasing wine En Primeur/ In Bond
UK VAT and duty rates
VAT Currently stands at 20%. The current duty rate for wine between 11.5% & 14.5% is £32.06 per case (12x75cl) or £16.03 (6x75cl). VAT is charged on the current UK Duty rate. Duty and VAT rates are subject to change by the UK government. All charges are subject to change by the government at any time