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Splash sources wines from all over the world for its members and only carries a maximum of 200 wines at a time to keep its offering fresh and relevant.

Splash, an American direct-to-consumer online wine retailer, is hoping to make waves in the UK via London-based crowdfunding platform Crowdcube.

As reported by ProactiveInvestors.co.uk, the family-run company, which has over 60,000 customers in the US, is seeking to raise £1.5 million in equity through Crowdcube to fund its expansion into the UK.

While output might be down, consumption of wine is on the up, with global levels coming in at 243 million hectolitres in 2017.

Poor weather conditions in the EU have led to a sudden decrease in production.

Global wine output has dropped to its lowest level since 1957, according to latest figures released by the International Organisation of Vine and Wine (OIV).

Purchases of sparkling wine (largely Prosecco) have risen by 23%, the only category of alcoholic drink to have seen an increase in purchases.

The 2018 Wine Nation report from UK-based Accolade Wines reveals it was a good year for Prosecco, and New Zealand wines, but a bad year for Champagne.

The adjustment of only 1% will bring the total taxes for imported wine, including import tariff, VAT and excise tax, down from the current 48.2% to 46.93%.

The Chinese government has announced that it will lower the country’s VAT tax from the current 17% to 16% for imported goods, which is expected to boost China’s wine imports, especially for countries such as Australia and Chile that have signed Free Trade Agreements with China.

Talya Roberson, managing director of Roberson Wine, said: “This is a fantastic opportunity for us to get to know our local community better.

Roberson Wine’s urban winery, London Cru, is opening its cellar doors to the public this week and offering a free tasting.

Aimed at local residents and businesses in particular, the tasting will have a spring-theme and is a chance for the West-Brompton-based winery to show of its new range of all-English wines (the winery is only making English wines from the 2017 vintage onwards) as well as its new tasting room and events space.