Carousel_Arrow Chat icon_cookie IHT_trust_wills IR35 Combined Shape 2 Group 10 Login Mobile Menu Share Share Email SubMenuMobile Group 9 VAT View_Gallery View_List capital_allow Triangle 2 Copy Close construction cyberpro employment_tax_shares emplyer_solutions entrepreneurs_corps fee_protect Group 7 grant_fund Group i_Clock i_Consult i_Done i_Eligibility_Tick i_Enter i_Filter i_HMRC i_Negative i_Play i_Plus i_Reset i_Support_Legal i_Support_TaxDesk i_Support_VAT i_Tick noun_marketing_1872083 noun_online_2126759 i_download i_meet Group Copy 24 Group 18 noun_electrical_1240755 copy noun_Technology_2125422 noun_Science_2031115 i_tick_bullet_block international_tax patent_box private_client property_sdlt r_and_d reliefs_incentives Search specialist_tax status tax_indemnity valuation YouTube
Markel Tax

13 Mar 2018

Tax Treatment of Heated Tobacco Products

Following the Spring Statement the Treasury published the response to the consultation on the tax treatment of heated tobacco products.

These products are a recent innovation in the tobacco market.  Processed tobacco is heated, but not burned as it is in conventional tobacco products, to produce or flavour vapour which is then inhaled by the consumer.

The purpose of the consultation was to consider whether these products should be subject to a new classification attracting a different level of duty to the existing five classifications of products.

The outcome of the consultation was that the majority of the respondents were in favour of a new category for these products, based on the weight of tobacco in a capsule contained in a product.  The government will now publish draft legislation in the summer for technical consultation prior to legislation to be included in the Finance Bill 2018-19 to take effect on Royal Assent.

Next article in series

13 Mar 2018

Tackling the Plastic Problem

The Prime Minister launched a 25 year Environment Plan in January 2018 including a pledge to eradicate all avoidable plastic waste by 2042.