On the eve of the UK budget announcement: new tax on vapes sparks controversy

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On the eve of the UK budget announcement: new tax on vapes sparks controversy

Ahead of Wednesday's budget announcement, Chancellor of the Exchequer Jeremy Hunt is considering implementing new taxes on vape oil. This aims to stop younger people starting to smoke vapes.

Fomer government stuff support new tax on vape oil.

Former director of the Northwestern Department of Public Health, John Ashton believes this is the right direction. "We've not got maybe as many as 20% of teenagers who are vaping. And vaping large amounts of nicotine with these cheap disposable vapes that are available over the counter." He added: "We just don't know the long term effects of them that is the problem. The bottom line is that if the chancellor starts to tax vapes on Wednesday then that is a good move."

UK Vape industry insiders strongly oppose to the new tax.

A UK vape company has branded proposed measures as "politically motivated". And damaging to "best quit-smoking tool available in the UK". Matt Crann, head of sales at Riot Labs, believes the government's action will pose a huge barrier to those turning to vapes to quit smoking. He added, "Like most things with this Government, there's lots of big words but a real lack of clarity."

"There's absolutely no justification for a vape tax and it stinks of being politically motivated. Where is the cash raised planned to go? All it achieves is making the best quit-smoking tool available in the UK - and backed by PHE - less accessible to adult smokers wanting or have already, quit."

"Smoking remains the single greatest cause of preventable illness and premature death in the UK. It kills over 120,000 people a year - more than 13 people an hour. E-cigarettes have a proven track record of getting people off of cigarettes and on the path to quitting. For a vape sector that has already been battered by this Government in recent weeks with nonsensical policy decisions on disposables, this is another fight Riot Labs is willing to take to them and represent our responsible retail partners across the industry."

The Ministry of Finance has analyzed that the new vape tax and the increase in tobacco tax may bring in approximately 500 million pounds ($634,757,500) in revenue per year.

News collected by VPFIT, vape manufacturer from China.

VPFIT

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