New tax on vapes announced in budget

Video Credit: ODN
Published on March 6, 2024 - Duration: 00:49s

New tax on vapes announced in budget

The Government will introduce a new tax on vapes in a bid to discourage non-smokers from taking up the habit.

During his Budget speech, Chancellor Jeremy Hunt told the Commons he was confirming "the introduction of an exercise duty on vaping products from October 2026 and publishing a consultation on its design".

Report by Ajagbef.

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