Some idle thoughts - the future of vaping?

[womble]

I guess they've got some clever people looking at ways to tax it Tim, I agree it would be difficult to tax an ecig, but I suspect not impossible.

[hifistud]

There is currently no "punitive" tax on raw nic used in NRT - and it's unlikely that HMG would go there. In the worst case regulatory scenario, though,:
A:MHRA insists on an MA for e-cig cartos (as in Intellicig's 45, 30 and 15mg jobs). Intellicig's is expected to be granted in the first half of next year.

B: Intellicig's investors make hay by selling out to GSK or their ilk and, because everything else is, effectively, stalled from sale...

C: GSK hike the prices to be on a par with current NRT and HMG applies VAT at the usual level, thus taking 20% VAT and 20% corporation tax.

D: bottled juice is taken off the market - no MA granted.

Like I say, that's the worst case regulatory scenario. Hopefully it won't happen, but something certainly will. Let's just hope we get the same seven years to sort everything out that the herbal products folks got.

Sept 24, 2012 8:49:55 GMT Globalbloke (Tim) said:

So, if they start with taxation on the Nicotine base then all those Pharma comapnies will also need to pay a higher rate of tax so therefore the NRT products sold by them will be priced out of the market as well! They could never tax an ecig (the actual unit) because it's effectively a battery and a connection (so they would need to restrict and tax A LOT of other things of the same construction).