Vaping To Be Taxed

[andipandi]

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

It will exceed the previous government's proposals, labour loves sin taxes

 

[tomkz18]

Ministers consider new vaping tax at Budget next week​

Ministers consider new vaping tax at Budget

Ministers fear that the relatively cheap cost of vaping makes it more accessible for young people.

www.bbc.co.uk

We all knew it was coming...

I don't mind paying tax on liquids as long as they don't ban flavoured eliquids

 

[CzesiuB]

I don't mind paying tax on liquids as long as they don't ban flavoured eliquids

RLY?
So, 10ml bottle to be minimum £12 (£10+2 as VAT) + the current price?
Well... I'd say that I will be not so...

 

[Richard Winter]

We can all speculate what the possibilities are but there's no telling what the government will end up implementing. I would agree with the earlier comment though, I would rather pay some level of tax on e-liquid than not be able to buy the flavoured e- liquid I want because the government have put a ban on all flavours except bloody tobacco flavour!

 

[zouzounaki]

i would rather puff plain nic shots and not pay any extra tax

 

[Toby iVapour]

i would rather puff plain nic shots and not pay any extra tax

Nic shots will be taxed at same rate of course...
(flavour has no bearing on tax, of those that will still be allowed)

 

[zouzounaki]

Nic shots will be taxed at same rate of course...
(flavour has no bearing on tax, of those that will still be allowed)

yes, i was just responding to the posts above comparing paying extra tax or banning flavours.

 

[tomkz18]

RLY?
So, 10ml bottle to be minimum £12 (£10+2 as VAT) + the current price?
Well... I'd say that I will be not so...

A sensible tax would be ok but yeah that's excessive

 

[Toby iVapour]

A sensible tax would be ok but yeah that's excessive

I don't think a "sensible tax" would be OK at all (unless you mean a reduced rate of VAT)...

The tax rate of smoking cessation products, including patches, gums, and inhalators, have a reduced rate of 5% VAT (with no extra excise duty tax).
Why should vapes have more tax? (presently the normal rate of 20% VAT)

 

[Richard Winter]

I don't think a "sensible tax" would be OK at all (unless you mean a reduced rate of VAT)...

The tax rate of smoking cessation products, including patches, gums, and inhalators, have a reduced rate of 5% VAT (with no extra excise duty tax).
Why should vapes have more tax? (presently the normal rate of 20% VAT)

The problem we face is vaping is being seen as no longer a smoking cessation product. The media and government both state that it's a pandemic amongst non smokers so will use any means and any excuse to get extra revenue in.