What does “In Bond” mean?

“In Bond” refers to wines or spirits that have not yet had Duty or VAT applied. This allows a case or bottle of wine stored in an HMRC-approved bonded warehouse to be bought and sold multiple times without any of the owners having to pay taxes. For these reasons, wine bought and sold for investment purposes is almost exclusively traded In Bond.

In addition to the tax advantages, bonded warehouses provide optimal storage conditions for fine wine, ensuring it remains in pristine condition over the years. More importantly, all duty-deferred goods in the UK and EU are tracked through the Excise Movement and Control System (EMCS). This system keeps a secure record of every movement of goods from the moment they enter the bond, greatly enhancing transparency and preventing fraud.

While BordeauXchange can trade duty-paid wines, our platform is dedicated exclusively to In Bond wines.