Tuesday, January 4, 2011

Useful UK wine tax calculator

Following on from yesterday's post about the VAT increase here's a nifty new iPhone app called UK Wine Tax Calculator you can download to find out how much of the cost of your bottle is accounted for by tax.

It's fairly startling to see that over 50% or £2.52 of a £4.99 bottle of 13% wine is now accounted for by tax - £1.69 duty and 83p VAT, leaving just £2.47 to cover the cost of packaging, transport, labour and of course the wine itself.

On a £6.99 bottle of the same ABV that goes up to £4.14. (The duty remains the same and the VAT goes up to £1.17) which shows that it is worth spending as much extra on a bottle as you can afford - and snapping up special offers on more expensive wines as and when you find them.

No comments:

Post a Comment