
HM Revenue and Custom (HMRC) confirmed in the August edition of its Employer Bulletin that a new Vaping Products Duty (VPD) and Vaping Duty Stamps (VDS) scheme will be introduced. The measures will require manufacturers, importers and retailers of vaping products to comply with new regulations within the next year.
Officials are urging businesses to prepare now. Failure to do so could result in penalties, stock seizures and serious disruption when the scheme takes effect.