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Displaying items by tag: smoking

The UK government plans to implement a new tax on vaping products starting October 2026, announced by Chancellor Jeremy Hunt during the Budget speech. This move aims to deter non-smokers from starting vaping while maintaining vaping as a cost-effective alternative for smokers wishing to quit. The tax's specific details will be determined through a consultation process. Currently subject to a 20% VAT but exempt from excise duty, vaping products will see this change with the new tax. Additionally, the government plans to increase tobacco duty as a one-off measure, ensuring vaping remains less expensive than smoking. This step aligns with the government's broader strategy, including proposed bans on disposable vapes and restrictions on vape flavours and packaging. However, the vaping tax has drawn criticism. Simon Clark from Forest, a smokers' advocacy group, called it counterproductive, and Christopher Snowdon of the Institute of Economic Affairs criticised it as a "cynical cash grab," detrimental to those who have switched from smoking to vaping.

Published in British Isles