The British government is expected to charge vaping items for the first time this year, following nearly ten years of progressive vaping policies. In addition to hoping that a charge may deter young people from vaping, the government, led by the Conservative Party, also wants to make up for lost revenue from the elimination of some other levies.
The Mirror, which first revealed the tax plan on Saturday, claims that the tax will be unveiled on March 6 along with the government's budget. A government source told the newspaper that a tax is "almost inevitable" and that it could raise vape prices by at least 25%.
One of the potential measures that the administration suggested during a public consultation that concluded in early December was the imposition of a tax. It is expected that when the government unveils its strategy this year, input from the consultation will be taken into account. Further potential actions include limiting the flavors of vaporizers, outlawing single-use vaporizers, and controlling the graphics on vaporizer packaging.
Taxes on vaping products, according to research, boost cigarette sales and usage.
Prime Minister Rishi Sunak declared in October that his government plans to enact a "smokefree generation" bill, which would gradually outlaw the sale of cigarettes in England by raising the purchasing age by one year every year. He added that modifications to vaping rules would also be taken into consideration at that point.
Legislation enacting a vape tax or a smoke-free generation law would need to pass Parliament, and several members of Sunak's own party have stated they will vote against the proposals. But it seems expected that the Conservative PM will have the support it needs from the opposition Labour Party.
Almost fifty nations impose vape taxes in some capacity. The majority either base their taxes on the wholesale cost of goods or have an e-liquid tex per milliliter. Vaping products are not subject to federal taxation in the United States; but, 31 states, Washington, D.C., and Puerto Rico have elected to levy their own taxes.
Taxes on vaping products, according to research, boost cigarette sales and usage. Because vapes and cigarettes are economic equivalents, government policies that limit the flavor options, tax e-cigarettes, or otherwise lessen their advantage over tobacco would raise the sales of cigarettes and encourage smoking overall, especially among youth.
