As of March 2025, HMRC has abolished the requirement for WOWGR (Warehousekeepers and Owners of Warehoused Goods Regulations) registration — a major shift in how whisky cask ownership works in the UK.
What’s changed?
Previously, only WOWGR-approved entities (usually companies) could open bonded warehouse accounts, making it difficult for private investors to hold casks directly. Most casks had to be held under a third-party company’s name, creating challenges around transparency, traceability, and control.
What’s now possible?
Private individuals can now open their own bonded warehouse accounts and hold casks in their own name.
Limited companies without WOWGR approval can also open accounts and trade casks for investment purposes.
This reform enables direct ownership, offering greater clarity and control for investors.
Why does this matter?
Improves transparency and legal clarity
Reduces fraud risk
Increases trust and access in the cask investment space
Empowers both retail investors and small firms to participate more securely
Bottom line:
This change marks a new era for whisky investment — giving individuals and companies more autonomy, accountability, and confidence in how they store and manage their assets.