Britain plans new tax on vaping from 2026
March 07, 2024 by swissinfo.ch
Britain plans new tax on vaping from 2026
British finance minister Jeremy Hunt plans to introduce a new tax on vaping products from October 2026 to discourage non-smokers. This tax comes alongside a one-time increase in tobacco duty to maintain the financial incentive to choose vaping over smoking. The move aims to address the rise in vape use among non-smokers and youth. British American Tobacco supports a "low" excise tax on vape liquid but warns about enforcing a tax linked to nicotine content. Some analysts believe the tax could benefit larger companies like BAT over smaller players. Concerns are raised about the potential impact on efforts to help smokers quit.
12.90% of the adult population are current smokers. There are approximately 7.2 million current smokers in United Kingdom 14.60% of men are current smokers but only 11.20% of women.
SOURCE: GSTHR
