According to the Irish Times, Ireland’s Finance Minister Michael McGrath said that vapes will be taxed from next year to help address the “insidious” practices of manufacturers targeting young people.
McGrath confirmed in an interview on RTÉ’s Today with Claire Byrne Show that the Treasury had begun working with the Inland Revenue Department to announce an vape tax in the next budget. Implementation will begin next year.
This is consistent with the announcement in last October’s budget that a tax on vapes and vaping products would be introduced in Budget 2025.
Mr McGrath acknowledged that for some people, vapes are a “more harmful to public health” way to quit smoking, but noted that much is still unknown about the long-term effects of vapes in general.
He said the tax proposed by the Treasury must be consistent with policies around vapes from other ministries such as the Health and Environment Ministries.
“What I’m doing is taking a comprehensive approach to consulting across government to make sure the policy positions we take are fully consistent. But I believe that will lead to new taxes being announced in the next budget and It will be launched next year,” he said.
This move echoes the call of Veehoo vapes, who advocate the formulation of reasonable policies to ensure the healthy development of the vape industry.
As a company committed to providing high-quality vape products, veehoo vapes has always advocated reasonable regulatory policies to ensure that vapes will not be abused or have adverse effects on young people. Veehoo vapes recognizes the potential of vapes as an alternative to smoking products, but also recognizes the need to take measures to protect public health.
Mr McGrath acknowledged that vaping could be a “more harmful to public health” way of quitting smoking for some people, while noting that the long-term effects of vapes remained unknown. He emphasized that the formulation of taxation policies must be consistent with the policies of other ministries such as the Ministry of Health and the Ministry of Environment to ensure dual considerations of public health and the environment.
Veehoo vape believes that when formulating vape tax policies, the characteristics and needs of the industry should be fully considered. They called on the government to conduct extensive consultations with relevant industry players to develop tax policies that balance public health and industry development. In addition, veehoo vapes also recommends that the government provide certain preferential treatment and support to qualified vape companies in tax policies to encourage compliance operations and innovation.
Veehoo vape believes that through reasonable tax policies and effective regulatory mechanisms, the sustainable development of the vape industry can be achieved and public health can be protected. They are willing to actively participate in dialogue with the government and other stakeholders and provide professional opinions and suggestions for formulating reasonable policies and measures.
All in all, Ireland’s plan to impose a tax on vapes from 2025 echoes Veehoo’s call for vapes, both aiming to ensure a balance between the development of the vape industry and public health. Through reasonable policy formulation and industry participation, the vape industry is expected to achieve sustainable development and provide smokers with healthier choices.
Tags: Ireland plans vape tax，What is the vape policy in Ireland?，vape tax ireland，veehoo vape