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I buy wine and only sell it by retail (ie, to the end consumer). Do I need to charge wine equalisation tax (WET) when I sell the wine to the end consumer?

April 26, 2017buy charge consumer equalisation retail sell tax wet Wine

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I buy wine and only sell it by retail (ie, to the end consumer). Do I need to charge wine equalisation tax (WET) when I sell the wine to the end consumer?

1 Answer

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No. Provided you bought the wine at a price which includes the WET you do not have a liability to the WET when you sell the wine by retail. You should not enter an amount at item 1C.