The UK May Announce A Tax On E-cigarette Products On March 6

The UK may announce a tax on e-cigarette products on March 6

According to the British Guardian, British Finance Minister Jeremy Hunt is expected to announce a tax on e-cigarette products when he announces the government budget on March 6.

According to the British Guardian, British Finance Minister Jeremy Hunt is expected to announce an "e-cigarette product tax" on e-cigarette oil manufacturers and importers when he announces the government budget on March 6. The higher the nicotine content, the higher the nicotine content. The higher the tax will be levied on the product.

The UK's tax policy will be similar to the tax plans of 15 European countries, including Germany - a tax of 1.60 euros per 10ml of e-cigarette juice, and Italy - a tax of 1.30 euros. The tax rate that the UK will implement is temporarily unknown. The European Commission also plans to impose e-cigarette taxes in other EU member states.

In addition, the UK is also preparing to raise cigarette taxes one-time to ensure that e-cigarettes remain a cheaper alternative, The Times reported. The current average price of a pack of cigarettes (containing 20 cigarettes) in the UK is 14.39 pounds. After the tax rate is increased, the average price will reach 16 pounds a pack. In Germany, the average price of the same cigarettes is only 6.5 pounds.

It is expected that by 2028 to 2029, the above two measures will bring more than 500 million pounds in tax revenue to the UK every year.

In recent years, the UK has been committed to achieving smoke-free goals. To this end, British Prime Minister Rishi Sunak also plans to ban the next generation of smoking by steadily raising the legal smoking age and preventing tobacco products from being sold on or after January 1, 2009. Anyone born.

John Dunn, director general of the British Electronic Cigarette Industry Association, expressed opposition to increasing taxes on e-cigarettes. He said: "Increasing taxes on e-cigarettes will make it more difficult for the most vulnerable groups in society to obtain e-cigarettes. They have the highest smoking rates and are most in need of effective smoking cessation. tool. Additionally, a 2022 report from the Center for Economics and Business Research found that smokers switching to e-cigarettes saved the NHS £322 million, a figure expected if 50% of UK smokers switched to e-cigarettes will more than double."

John Dunn also said: "Restricting the use of e-cigarettes not only means more smokers will appear, but also means more illegal and unregulated e-cigarettes entering the British market. What we really need the government to do is to E-cigarette retailers issue licenses and properly enforce laws prohibiting youth e-cigarette use before it's too late."

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