At the casQueteers we only pay the actual costs of the whisky, without surcharges and extra costs. And nothing else, where you decide in which cask(s) you participate and for which part. The total costs for a cask consist of two parts: the first part is the purchase price, the second part consists of import duties (excise duties), VAT, bottling costs and transport costs.
The purchase price of a cask is known in advance and is calculated according to the subscription price per share. In addition to the purchase price of the cask, the second part must also be taken into account in the long term (after bottling): import duties, VAT, bottling costs and transport costs.
The total final costs including import duties depend on the number of years the cask is allowed to mature in Scotland. Annually about 2% of the content of the cask evaporates, the ABV% decreases annually with roughly 1.5%. The exact amount of bottles and the ABV% can be approximated in advance. Because the excise duties are paid per liter of alcohol, the exact costs are only finally known after bottling.
A good approximation of the costs per bottle can therefore be given in advance. The calculation is made using the pound sterling exchange rate and current tax rates. How the exchange rate and tax rates will develop in the future is uncertain, which can be both favorable and unfavorable. This is especially important for casks that will be left to mature in Scotland for a number of years.