Vaping To Be Taxed

[30deadcats]

The Irish government and brit government have a habit of mirroring each other so watch out for around £40 odd tax on 100ml. Madness.

 

[30deadcats]

Your £1 bottle of 88vape at home bargains will suddenly jump to over £5.

 

[rew]

Onepoundeliquid will have to change their name to Tenquideliquid or whatever.

 

[CzesiuB]

Considering the incoming news, I have decided to make some preparations. Of course nothing big, just business as usual.
Now:
Does anyone know where I can buy and old, not needed anymore, cheap 50l oak barrel from some distillery? OR two perhaps? I've got idea that if I'll put some small amount of PG and VG in the barrel now, it may actually add some to the taste of my tiny portions of eliquid I do aim to mix in the predictable future...
Oh, by the way, I am on the way of securing 7.5l of 7.2 grade "critical compound which name cannot be spoken on the forum".

 

[andipandi]

Rachel Reeves considers raising tax on vapes in autumn budget​

Exclusive: news comes as figures show a quarter of 11 to 15-year-olds in England have tried vaping

Rachel Reeves is considering raising the tax on vaping products in her budget this month as figures show that a quarter of 11 to 15-year-olds in England have used e-cigarettes. The chancellor is looking at increasing the tax after a consultation carried out by the last Conservative government.

In his budget in March, Jeremy Hunt announced a tax on vaping products, which is due to take effect in October 2026, in a move to make vaping unaffordable for children. NHS figures on Thursday revealed that one in four children aged 11-15 in England tried vaping in 2023 – up from 22% two years earlier – with almost one in 10 (9%) using e-cigarettes regularly. By comparison, 11% said they had tried cigarettes.
Matt Fagg, NHS England’s director for prevention and long-term conditions, said the statistics were “incredibly concerning. It means they are at risk of becoming hooked on one of the world’s most addictive substances, and that is before we consider the longer-term impacts which are still unclear.”

Andrew Gwynne, a health minister, also said the figures were worrying. “The health advice is clear that children and adult non-smokers should never vape, so it is unacceptable to see unscrupulous retailers marketing them at children,” he said. An increase in the tax on vaping products would probably go hand-in-hand with an increase in tobacco duty so as not to encourage people to switch to smoking.

The move could raise hundreds of millions of pounds for the exchequer. The vape tax as designed by Hunt is due to raise £120m in 2026-27, rising to £445m by 2028-29, according to estimates from the charity Action on Smoking and Health (ASH).
Officials are also examining the prospect of redesigning the tax by turning it into a flat levy rather than one that varies by the nicotine strength of the product. Experts have warned that taxing high-strength products more discourages smokers from switching to vaping.

A public health source said the sector had been expecting the government’s tobacco and vapes bill to be tabled at the start of this month, and that the delay could indicate changes being announced in the budget. “The one ask from the public health sector is that if the duty on vaping is increased then the same happens for tobacco, maintaining the differential and thus the incentive to move from tobacco,” the source said.
If confirmed, the change would form part of the government’s wider public health drive. Other measures announced have included a ban on junk food adverts before the 9pm watershed and a ban on children buying high-caffeine energy drinks.

Chris Thomas, a research fellow at the Institute for Public Policy Research, said: “It is right that the government considers new taxes designed to disincentivise or penalise industries and products that harm health while creating revenue to invest in health creation. “We estimate health levies on alcohol, tobacco, vapes, junk food and gambling could raise as much as £10bn by the end of the decade.

“A tax on e-cigarettes needs to balance their use as a stop smoking device against their current disproportionate appeal to children. However, there are signs that the e-cigarette market will manage to bypass the ban on disposables – and maintain the presence of colourful vapes at pocket money prices.

“This gives the government scope to consider a higher level of vape duty than that proposed by the last government – to ensure vapes become harder to access for kids, but are still accessible for adults who would benefit from them.”

Hazel Cheeseman, chief executive of the charity Action on Smoking and Health, said: “We opposed higher rates of tax on stronger nicotine liquids for the very reason that they are a smoking cessation tool and higher prices may put off smokers who need high strength products to quit. A flat rate would be welcome.”

More than 40 countries have introduced taxes on vaping products. A Treasury spokesperson said: “We do not comment on speculation around tax changes outside of fiscal events.”

Rachel Reeves considers raising tax on vapes in autumn budget

Exclusive: news comes as figures show a quarter of 11 to 15-year-olds in England have tried vaping

www.theguardian.com

 

[Netvaper]

A flat rate levy is much easier to implement and collect than one based on nicotine content and could be applied to hardware and zero nicotine e-liquid and concentrates though amusingly it is nicotine addiction that is being cited as the driver. If you're looking to buy anything it's probably a good idea to do so before the budget, a bit like how folk used to fill up the car.

That black hole gets bigger by the week so it needs plugging.

Telegraph cartoons – October 2024

www.telegraph.co.uk

 

[DMAN]

"a flat levy"
So they will stick £5 or £10 on every product?

 

[Toby iVapour]

"a flat levy"
So they will stick £5 or £10 on every product?

No, it will likely be a certain amount of £ per ml, regardless of nicotine strength... (like they have in other countries)

e.g. in Portugal it is €0.351 excise tax per ml (I think that is the highest tax duty rate in Europe).

 

[Toby iVapour]

If you're looking to buy anything it's probably a good idea to do so before the budget, a bit like how folk used to fill up the car.

Excise duty would not applied to vapes that fast...

With the last UK Government, it announced a tax on vapes in their 2024 Spring Budget.
They said the excise duty would be due to take effect on the 1st October 2026 (by £1 per 10ml if nicotine free, £2 per 10ml if up to 10.9mg, or £3 per 10ml if 11mg or stronger).

How much the new Labour government tax vapes, and in what way and timescale, is still yet to be decided (or announced).

 

[30deadcats]

No, it will likely be a certain amount of £ per ml, regardless of nicotine strength... (like they have in other countries)

e.g. in Portugal it is €0.351 excise tax per ml (I think that is the highest tax duty rate in Europe).

50 cents per ml announced in last Irish budget.