Upcoming: Vape Business Award on July 2020
Home News Slash VAT on vape products to help ‘quitters’, industry recommends

Slash VAT on vape products to help ‘quitters’, industry recommends

July 13, 2020

vapebusiness

The Government has a ‘big job’ ahead if it is to help Britain go smoke-free by 2030 and should cut VAT on vape products to help get there, the industry body UKVIA has said.

Currently, vape products are liable for 20% VAT compared to a rate of 5% for other nicotine replacement therapies (NRTs).

John Dunne, director of the UKVIA said: “The latest figures from the Office of National Statistics reveals that while smoking levels continue to decline, the Government still has a massive job to meet its smoke-free target by 2030 for England alone, with some 6.9m adults still smoking across the UK as a whole.”

This showed, he added, that now was the right time for further action: “It’s now high time that Government and its relevant agencies fast track vaping take-up among existing smokers to realise its smoke-free vision for the UK. The ONS confirmed in its report that “e-cigarettes are increasingly being used by smokers to help quit smoking”.

While smoking rates have fallen dramatically in recent years the vape industry is concerned that a recent plateauing in usage of vape products could mean smokers are not accesses a smoking cessation aid that is proven to work.

Dunne added: “This comes on the back of the Public Health England evidence review of vaping earlier this year which stated that vaping poses a small fraction of the risk of smoking and that when e-cigarettes are used as part of a quit attempt, success rates are comparable with or higher than licensed medication alone.”