FAQs
Please find details of some FAQs. If you have a question that is not listed below please do not hesitate to contact us.
Yes, we deliver wines all over the world. Rates are calculated depending on recipient address, volume and values.
What does in bond mean?Wines in bond, or simply ‘in bond’, are purchased wines held in a bonded warehouse, which have not passed through customs, with no Duty and VAT paid on them.
What does Duty Paid mean?Stock that is withdrawn from a bonded warehouse for delivery and imminent consumption will have duty and additionally VAT added. See below for Duty rates.
How much is VAT and Duty?Standard VAT in the UK is charged at 20%. Duty varies depending on the strength and style of the alcohol. Standard Duty for still wine is priced at £2.08 per 75cl bottle and £2.67 for sparkling wine exceeding 8.5% abv up to 15% abv. Figures are valid as of 20/03/2016.
What is En Primeur?En Primeur wines are purchased ‘in bond’ – i.e. excluding VAT and Duty. After your purchase, you will be contacted by Warwick Banks & Jenkins to set up an account. You will be informed when the wine arrives in the UK – up to 2 years after your purchase. You can then choose delivery / storage options: Wine can be delivered in bond to Warwick Banks & Jenkins storage facility, and stored at the prevailing rate. Alternatively, wine can be delivered to you and you will be asked to pay Duty and VAT at the prevailing rate.
En Primeur refers to a long-established practice, originally associated with the purchase of young Bordeaux wine. Wines bought En Primeur have not yet been bottled and are still in the barrel.
Typically, the Bordeaux Châteaux will release the prices of their wines for sale in the spring following vintage. Many Burgundian producers release their wines for sale in January, about sixteen months after the vintage.
It guarantees the absolute best provenance direct from the Châteaux / Domaine. You are therefore receiving immaculate, original stock.
