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Staffordshire retailer raises concerns over new Vape Product Duty
Überblick
A Staffordshire vape store manager has warned that the new Vape Product Duty could push customers towards stronger nicotine products and illicit items due to steep price increases, while potentially threatening store viability. The government states the tax aims to tackle youth vaping and illicit products, though industry representatives argue affordable vapes help people quit smoking.
Wichtige Punkte
- A government duty of 22 pence per millilitre is being added to vape liquids, which could nearly double or triple product costs for consumers and retailers.
- Retailers fear the price structure will drive customers towards cheaper, higher-strength nicotine pod kits or unregulated illicit vapes.
- The Financial Secretary to the Treasury stated the tax will help law enforcement crack down on illicit vapes and support rule-abiding retailers.
- Health ministers maintain that reducing the affordability of vaping products is a crucial step in tackling youth vaping.
- Stores have a grace period until 1 April 2027 to sell existing unstamped stock using an HMRC Vaping Duty Stamp system.