I haven't seen the Tax % they are going to add, surely they can't put it in the same bracket as Tobacco.
At 20% Tax i can't see myself vaping after it arrives.
That's just for 2026-27.£1/10ml of 0% nic (i.e shortfills). £2/10ml of 0-10.9mg nic. £3/10ml 11-20mg nic.
By 2029 tax income from vaping is set to treble, but where is the money coming from?
That is a best case scenario. I doubt that many end sellers can take the risk of selling a 50ml shortfill with the same profit margin - buying stock in will be far more expensive and tie up a lot of capital. Any written off outdated stock will put a huge hole in their profit margin as they will have paid the tax on it in advance. I think the end sellers will be forced to raise prices in addition to the tax amount because of their higher financial risk. The only other option for them is to only buy in a very limited range of juices and adopt a 'buy this or fuck off' approach.More than that. £10 50ml shortfills with 1 nic shot today costs £11. With the new duty, it will go to £18-20, depending on nic strength.
£3 10ml 20mg salt will go to £7 ish.
In the longer term the real winners from this will be tobacco companies - and I would give odds that the current anti-vape/save the children campaigners will mysteriously lose most of their funding after Tobacco companies inevitably start producing their own juice lines. The tobacco companies absolutely can afford to pay taxes in advance on e-liquid manufacture and take financial losses to undercut any opposition.