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=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= |