Taxation

In the vapour economy

Natalija Jovanovic2 months ago2 months ago06 mins

From April 1, Britain’s vaping firms start registration with HM Revenue & Customs ahead of a new levy set to take effect on October 1, 2026. The Vaping Products Duty will impose a flat-rate tax on e-liquids and enforce stricter supply-chain controls, including official duty stamps on all products. As prices are expected to rise,…

Reeves extends freeze on income tax thresholds to 2031

Scott Danaher6 months ago6 months ago02 mins

Income tax thresholds will remain frozen for an additional three years, pushing more workers into higher tax bands as wages rise with inflation. The threshold freeze has been extended to April 2031 and is forecast to generate £8.3bn by 2030. At present, earnings between £12,570 and £50,270 fall into the 20 percent bracket while those…

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In the vapour economy

Reeves extends freeze on income tax thresholds to 2031