Due Diligence – GDPR vs HMRC obligations. The Saga Continues
The issue: HMRC require us to check up on seemingly every detail that we can find online about owners in our warehouse, without being specific or giving examples of what is too much. HMRC can ask us for information about owners many years later and demand to see evidence that we’ve done our due diligecence. […]
The Whiskybroker Detective Agency….
Other than the first two paragraphs and the last paragraph, this text is copied and pasted from Excise Notices so please don’t blame me if you’re bored! As an Excise Warehousekeeper, we are responsible for performing due diligence checks on all owners of Under Bond (Duty Free) products in our warehouse. Some of your will […]
Changes in how we deal with cask transfers
25/11/2020In the past year, Whiskybroker have seen a huge increase in the number of sales of casks within our warehouse which appear to be investment-only with no interaction at all between the owner and the cask, other than on paper. In some cases, casks may have transferred hands 4 or 5 times within a year […]
The Angels’ Share, leakage or just losses?
You purchase a cask of whisky and are excited about the prospect of bottling it in the future. Years of expectation. You bottle it. What happened? Why are there only 100 bottles? The person who sold it to me promised me I should get 240 bottles! Owning a cask of whisky should be exciting. It […]
Investment companies and “reasonable” prices
In 2014, we purchased empty warehouses. I sought to fill these warehouses with as many casks as possible to get the new premises earning money as quickly as possible. In doing so, I bought and sold casks, and encouraged people who purchased my casks to move casks they owned in other warehouses to store with […]
Warehouse Life and Maturation
A few years ago, when we were having this website created, Jane and I were full of ideas about the things we would do to make it as interesting as possible for casual readers and whisky enthusiasts alike. My theory was that, although a distillery is in our plans for the future, what we do […]
Be the first to find out about our latest offers and sign up to our newsletter