New VAT and duty rates

In a bid to boost demand, the Chancellor of the British Government has temporarily lowered the VAT rate from 17.5% to 15%. This of course only applies to duty paid wine. Whilst the drop in the VAT rate might help to increase demand for other goods, it won’t do any good for wine, champagne and port, as the excise duty rates are simultaniously increased as per below:

Duty per 9 litres:
 

Red & white wine
£18.88

Champagne
£24.19

Port
£25.18

I suspect that these increased rates are here to stay, even after the VAT rate will go up to 17.5% again in a maximum of 2 years time.

Please note that both the new VAT and duty rates come into effect on December 1st.

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Ditton Wine Traders buy and sell fine wine.

The finest wine, at the very lowest prices. For drinking & investment; for both Private and Trade customers.

Ditton Wine Traders are exactly that, wine traders. Since 2004, we have bought & sold fine wine on a daily basis, at fair and competitive prices.

The prices you see on the website are the prices you pay – with no hidden extras. The advice is free here too. We do everything possible to make sure we keep our costs down. There is no shop – we use the phone and email. We don’t employ a lot of staff and we don’t have a swanky London office.

As a result, we are able to operate on a much lower margin than many of our competitors. Our ever increasing network of negociants, distributors, wholesalers, retailers and private stock-holders means we will frequently bring you ‘impossible to match’ deals. We specialize in the best wine from Bordeaux, as well as a fast growing list of the most sought after wines from Burgundy, Champagne and Italy.