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WHAT IS A DUTY REPRESENTATIVE?

What is a duty representative and who is yours?

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  • Why buy young & sell old
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  • No uplift in cask value at ‘anniversary years’
  • The hidden costs of bottling a cask
  • What is a duty representative?
  • What is a bonded warehouse?

What is a duty representative?

Video guide 9 of 10

Knowing who your duty representative is, is an important part of owning a cask of whisky. You own your cask and have the legal title to it, but your duty representative is responsible for your cask to HMRC.

To store at cask with duty suspended i.e. where no VAT or duty has been paid on the contents, you must have a licence from HMRC. The licence needed is a Warehousekeepers and Owners of Warehoused Goods Regulations or WOWGR certificate, which can take a year to obtain.

Your duty representative is the person who has a WOWGR certificate and who is responsible to HMRC for your cask and often the others in the same bonded warehouse where your cask is stored. Bonded warehouses are discussed in episode 10 of our video guide.

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Your Cask’s Duty Representative

Having a duty representative is a legal requirement when owning a cask, but it is a good thing for you, as it means that there are less responsibilities for you as a cask owner. Your duty representative must report to HMRC for tax purposes and if your cask were to go missing it is them who would be responsible for the tax.

If you’re interested in becoming a cask owner and would like to know more about the process you can sign up to receive our Whisky Cask Buying Guide, a comprehensive 50-page guide to buying and investing in whisky casks.

Advice You Can Trust

Since 2016 our aim has been simple – to provide a trustworthy source of information to help people make sound decisions when they are selling their items. To date we have sold millions of pounds worth of antiques and whisky (both casks and bottles) for our clients. 

We’re now applying this same logic to help people invest in casks of whisky.  Rather than providing sales pitches disguised as educational material, it’s our mission to become the ultimate source of open and honest cask investment guidance.

The information you will find in OUR GUIDE, CASK VIDEOS, BLOG and CALCULATOR is all designed to help you make a balanced decision.  We would rather you knew all the facts and didn’t buy a cask than buy one based on ‘fake news’.

Mark-Littler-Whisky-Broker-Square

Learn More

What is a duty representative and who is yours?

What is a duty representative?

Video guide 9 of 10

Knowing who your duty representative is, is an important part of owning a cask of whisky. You own your cask and have the legal title to it, but your duty representative is responsible for your cask to HMRC.

To store at cask with duty suspended i.e. where no VAT or duty has been paid on the contents, you must have a licence from HMRC. The licence needed is a Warehousekeepers and Owners of Warehoused Goods Regulations or WOWGR certificate, which can take a year to obtain.

Your duty representative is the person who has a WOWGR certificate and who is responsible to HMRC for your cask and often the others in the same bonded warehouse where your cask is stored. Bonded warehouses are discussed in episode 10 of our video guide.

Send me my free cask buying guide

Cask Sign Up Complex COLLAPSABLE
Address
Address
Town
County
Post Code
By signing up to receive our Cask Buying Guide we also subscribe you to our mailing list as per our privacy policy. This is to send you links to additional information and resources on cask investment. You can unsubscribe at anytime.

Your Cask’s Duty Representative

Having a duty representative is a legal requirement when owning a cask, but it is a good thing for you, as it means that there are less responsibilities for you as a cask owner. Your duty representative must report to HMRC for tax purposes and if your cask were to go missing it is them who would be responsible for the tax.

If you’re interested in becoming a cask owner and would like to know more about the process you can sign up to receive our Whisky Cask Buying Guide, a comprehensive 50-page guide to buying and investing in whisky casks.

Advice You Can Trust

Since 2016 our aim has been simple – to provide a trustworthy source of information to help people make sound decisions when they are selling their items. To date we have sold millions of pounds worth of antiques and whisky (both casks and bottles) for our clients. 

We’re now applying this same logic to help people invest in casks of whisky.  Rather than providing sales pitches disguised as educational material, it’s our mission to become the ultimate source of open and honest cask investment guidance.

The information you will find in OUR GUIDE, CASK VIDEOS, BLOG and CALCULATOR is all designed to help you make a balanced decision.  We would rather you knew all the facts and didn’t buy a cask than buy one based on ‘fake news’.

Learn More