Budget 2024: Jeremy Hunt considers new vaping tax and NI cut
by Richard Partington Economics correspondent from on (#6JXX9)
Levy on vapes could make them unaffordable for children, as IFS warns over unfunded tax cuts
Jeremy Hunt is preparing to use next week's budget to launch a duty on vaping alongside tax cuts for workers before a general election.
The chancellor is expected to announce a vaping products levy" charged on manufacturers and importers of the liquid in vapes, Treasury sources said. It is anticipated the costs would be passed on to consumers with the hope that it would make the habit unaffordable for children.
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