Business

Vapers could be hit with a new sin tax

Vapers could find their nicotine hit costing a little more with reports suggesting the Treasury is eyeing the sector for a new tax.

A report in the Sun said Whitehall is examining so-called “sin taxes” to raise money to fund its £20bn National Health Service pledge.

Read more: Inconsistent regulators risk stifling our thriving vaping industry

Citing Whitehall sources it said that the e-cigarette industry could one area that is targeted for fundraising.

The Sun quotes a source saying: “Vapers are likely to be hit as they are not taxed at all.”

A Treasury spokesperson said they would not comment on tax policy.

According to a report by the Office for National Statistics (ONS) released last year around 2.9m people in the UK used e-cigarettes.

Read more: Vaping industry welcomes expert backing of e-cigarettes

The number of smokers hit an all-time low with 7.6m saying they smoked, accounting for 17.2 per cent of the population, compared to 20.1 per cent of the population in 2010.

A report earlier this year from Public Health England found that e-cigarettes only pose minimal health risks.

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