|
|
Line 3: |
Line 3: |
| <!--T:1--> | | <!--T:1--> |
| [[File:News Banner.jpg|thumb|center]] | | [[File:News Banner.jpg|thumb|center]] |
| | |
| | =10th March 2024= |
| | |
| | === UK Vaping Products Duty Public Consultation Launched === |
| | The UK government are to introduce a vape tax – otherwise known as the “Vaping Products Duty“. More here on [[Ecigclick]] : https://www.ecigclick.co.uk/uk-vaping-products-duty-consultation/[[File:Nicotine-tax-examples3.jpg|thumb|alt=Image showing e-liquid prices with new tax applied|Vape Tax Examples]] |
| | |
| | A public consultation has been launched which will gather views on the tax proposals and their structure. |
| | |
| | I '''urge''' all UK vapers and those in the vape industry – especially retailers – to take part and help amend this extortionate policy to something more suitable. |
| | |
| | As a principle the addition of tax is understandable. But I think the level of taxation is far too heavy and – to put it mildly – it is greedy. |
| | |
| | |
| | For instance in the image you can see examples of how a 10ml bottle of 20mg nicotine strength e-liquid which currently retails for £3.99 will increase to £6.99 once the tax is applied. Also a 100ml bottle of nicotine free (shortfill) e-liquid which is currently £9.99 will increase to double the price at £19.99 with the new tax (£1 per 10ml). It is shocking. |
| | |
| | ==== How To Take Part ==== |
| | You can view the summary document here https://assets.publishing.service.gov.uk/media/65e80ba108eef600115a5621/Vaping_Products_Duty_Consultation.pdf, it covers the background of the proposals and lists the questions which will be included in the consultation. |
| | |
| | |
| | When responding ask yourself these questions… |
| | |
| | * Will this put you off vaping and make you return to smoking? |
| | * Will you buy e-liquids from the Black Market (i.e. no tax applied?) |
| | * If you need high nicotine strengths will you have to cut down to a lower strength thus risking your attempt to stay away from tobacco? |
| | * If you are considering switching from tobacco to vaping – is this increase in price less of an incentive to switch? |
| | * Do you agree with the tax? If so would a more reasonable rate (i.e. £1 per bottle regardless of strength or volume) be acceptable? |
| | * Will this system stop underage vapers? |
| | * Will this be damaging to your business (retailers)? |
| | * How much will it cost you to implement the new tax (retailers), i.e. altering displays, repricing stock, amending POS systems? |
| | |
| | To send your response download the response form in Word format here https://assets.publishing.service.gov.uk/media/65eb1e4a3649a2c772ed63a3/Consultation_response_template.docx. |
| | |
| | Then email the completed form to [mailto:Vapingproductsduty@hmrc.gov.uk vapingproductsduty@hmrc.gov.uk] with “Vaping Products Duty consultation response” as the subject. |
| | |
| | If you want to comment further or discuss topics in more depth, written submissions are also accepted. |
| | |
| | Make sure to respond by the 29th May 2024. |
|
| |
|
| =6th March 2024= | | =6th March 2024= |