The government is considering announcing a new tax on vapes at the Budget next week.
Currently, vaping products are subject to VAT – but unlike tobacco, they are not also subject to a separate levy.
Tobacco duty could also increase at the Budget, to ensure that vaping remains cheaper.
Ministers fear that the relatively cheap cost of vaping means that the products are more accessible for young people and non-smokers.
Read the full article on the BBC website
NAM Implications:
- Duty on vaping could also be a tempting source of incremental tax revenue…
