Important Update Regarding Proposed Vape Tax in the UK
Important Update Regarding Proposed Vape Tax in the UK
September 28, 2024
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Recent updates have surfaced regarding the vaping industry in the UK that may impact its future. The government, in the 2024 Spring Budget, has proposed the implementation of a Vaping Products Duty (VPD) starting from October 2026. The primary objective of this tax proposal is to discourage vaping, especially among young individuals and non-smokers.
The government has published a consultation paper outlining the details of the proposed VPD. While recognizing the role vaping can play in smoking cessation, there are concerns raised about its increasing popularity among non-smokers.
Key Points to Note
Alongside the introduction of the VPD, the government has also announced an increase in prices for tobacco-based products aimed at maintaining vaping as a more financially viable option.
Deborah Arnott, chief executive of Action on Smoking and Health, expressed support for the additional tobacco tax increase, emphasizing the importance of keeping vaping more affordable than smoking to encourage smokers to transition to vapes, which are recognized as the most effective over-the-counter smoking cessation aid.
Public Health England continues to endorse vaping as significantly less harmful than smoking, with studies indicating that e-cigarettes are approximately 95% safer than traditional tobacco products and can assist individuals in quitting smoking.
Public perceptions about the risks of vaping have been a topic of discussion, with a study led by UCL researchers revealing that the majority of smokers mistakenly believe vaping is as harmful as smoking.
Stay Updated and Share Your Input
Your input as part of the public is crucial for influencing policy decisions. If you have concerns about the potential implications of the VPD, it is recommended to engage in the government consultation to voice your views on the matter.
We will continuously monitor the developments and provide relevant updates when they are disclosed. Meanwhile, you can visit the government’s consultation website to get more insights about the proposed VPD and contribute your opinions.
We appreciate your continuous support and trust.
OK Vape
The data presented spans from 2023 and 2024, with forecast data extended to include projections for 2025, 2026, 2027, and 2028.
Important Update Regarding Proposed Vape Tax in the UK