Vape Tax Hike in England Spurs Black Market Concerns
What happened
A vape shop owner in Drogheda, Ireland, warned that the latest increase in excise duty on e-liquids in England could push customers back to cigarettes or the black market. The tax hike brings the total duty to 70 cents per millilitre from January, following a 50 cent duty introduced last November. The shop owner noted that stock is running out and some products could rise to €13 or €14.
From meathchronicle.ie
Why it matters
The increased excise duty in England is changing market dynamics for vaping products. The shop owner stated that customers are considering illegal imports from England or reverting to smoking due to the rising costs.
From meathchronicle.ie
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IrelandSpeculative
The market could see increased black market imports and public health strain due to regulatory action in England.