- May 24, 2023
- 54
- 94
- Funster No
- 96,189
- MH
- Autosleeper Stratfor
Do you want to sort out my personal finances?Probably about right!!!
€1.75 is £1.51 at today’s mid-market exchange rate.
Assuming the wine is (say) 11.5% alcohol, the UK duty rate on a 75cl bottle (from 1/2/25) is £2.95.
Say the extra cost of importing is 50p (?), the total cost becomes £4.96……lets call it £5.
VAT is charged on this total at 20%, resulting in a cost to the consumer in the UK of £6.
However, I suspect Lidl’s operating costs in the UK are higher than in Spain/France (??? Higher minimum wage, Council Business rates, energy costs, increased employer’s NIC etc).
So it is easy to see why we might have to pay £7 or more for the same bottle.![]()