Consultation on vape tax opens

March 7, 2024

Photo: iStock

The government has opened a public consultation seeking views on the proposals for the design and implementation of a new UK-wide Vaping Products Duty.

In his budget speech on Wednesday, chancellor Jeremy Hunt has confirmed the introduction of an excise duty on liquids used in vaping products from October 2026.

The consultation will run for 12 weeks, and closes on 29 May.

The rates being proposed will be £1.00 per 10ml for nicotine free liquids, £2.00 per 10ml on liquids that contain 0.1-10.9 mg of nicotine per ml, and £3.00 per 10ml on liquids that contain 11mg of nicotine or more per ml.

It is proposed that the duty will be chargeable at the point of their manufacture in, or importation into, the UK.

By Kiran Paul

With a background that spans both the agility of startup environments and the established presence of Asian Media Group, Kiran tries to bring a well-rounded perspective to his work. His career as a journalist began at a dynamic news startup, where he honed his reporting and storytelling skills for five years, gaining valuable experience in a fast-paced and evolving media landscape. Since 2018, he has been contributing to Asian Trader, where a standout feature of his work has been his in-depth interviews with award-winning retailers, which he transforms into insightful profiles that appear in each issue. Since 2021, he has also been at the helm of the sister title, Vape Business.

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