2FIRSTS | IVG Parent Secures HMRC Excise Warehouse and Duty Stamp Approvals Ahead of UK Vape Tax
Summary
Acme Vape Ltd, the company behind UK vaping brand IVG, announced on September 17 that it has received two approvals from HM Revenue & Customs: to operate an excise warehouse for vaping products and to participate in the Vaping Duty Stamps Scheme. The UK's Vaping Products Duty will take effect on October 1, 2026, at a flat rate of £2.20 per 10ml of vaping liquid, regardless of nicotine content. The Preston-based warehouse will become operational on the same date, allowing eligible products to be received, stored and managed under duty suspension. From October 1, newly manufactured or imported duty-liable products must carry a duty stamp; eligible unstamped stock may be sold during a transition period through March 31, 2027. The government will also apply a one-off tobacco duty increase from October 1 to maintain the price differential between vaping and tobacco. Digital vaping duty stamps have been available since September 1, 2026; transitional stamps may be purchased until November 30 and affixed until December 31. From January 1, 2027, only digital stamps may be newly affixed, and from April 1, 2027, vaping products outside duty suspension must carry a valid stamp. Acme Vape Ltd says it has adjusted its warehousing, packaging and duty-stamp management systems ahead of the new regime.
(Source:2firsts.com)