The UK government is debating implementing a dedicated tax on vaping products in next week’s Budget announcement. Unlike combustible cigarettes, e-cigarettes currently only pay the standard 20% VAT rate. A vaping levy could raise around £500 million annually if set at a similar level to tobacco duties, which brought in £10.4 billion last year. However, opponents argue higher taxes would stifle smoking cessation efforts. Read more
Tag Archive for: UK
The UK maintains relatively light-touch regulations on e-cigarettes versus European counterparts and many other countries, according to a new analysis from the free market-oriented Institute for Economic Affairs (IEA) think-tank. However, amid rising usage concerns, Britain may impose further vaping restrictions following wider international policy shifts. Read more
The UK government is considering implementing a new tax on vapes as part of its strategy to create a “smokefree generation” and reduce youth vaping rates. Recently published government documents indicate plans to explore a vape duty similar to those enacted in other countries. Read more
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