Duties Articles

New vaping tax now in force

A new excise duty on vaping products came into force on 1 October 2026. Known as Vaping Products Duty (VPD), it applies to vaping liquids made in, or imported into, the UK. Notably, it applies whether or not the liquid contains nicotine. Below, we explain how the duty works and what it means for businesses.   How much is Vaping Products Duty? The duty applies at a rate of £2.20 per 10ml of...

New duty on vaping products starts in October

What is changing, and when Businesses across the vaping sector must prepare now. A new duty on vaping products starts in October, alongside the Vaping Duty Stamps Scheme. Both take effect from 1 October 2026. HMRC is urging the whole supply chain to get ready. In particular, the message applies to: Manufacturers Importers Wholesalers Retailers Why the government is acting Vaping Products Duty...

Autumn Budget 2025 – Alcohol and Tobacco Duty

Introduction to Alcohol and Tobacco Duty The Chancellor has confirmed a series of duty increases on tobacco, vaping liquid, and alcohol that will take effect over the next year. These changes aim to balance public health concerns with support for producers and the wider hospitality sector.   Tobacco Duty Changes As part of the Autumn Budget measures, the Chancellor announced that duty rates...

Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance....

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it...

New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect...

Business confidence rises but is it time to invest?

UK business confidence is rising, but only 17% of businesses plan to increase investment in the next three months. Here,...

Late payments: Is your business at risk?

60% of UK SMEs say customers take longer to pay than a year ago, and the average amount owed is...

Corporation tax receipts pass £100 billion

HMRC’s latest statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26. Here, we...

New customs system for Northern Ireland trade

From 20 October 2026, businesses moving goods between Great Britain and Northern Ireland must use the new TSS platform. Here,...

Reporting property gains

If you sell a UK residential property, you usually need to report and pay any Capital Gains Tax within 60...

Capital allowances restricted for project development costs

A recent Supreme Court decision means capital allowances will probably be restricted for some predevelopment costs. Here, we explain the...
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