According to a draft impact assessment of the new Tobacco Excise Directive (TED), tobacco taxes across Europe will increase and be extended to new products. The European Commission is expected to submit the draft for debate to the European Council and Parliament in December.
The document outlines several options for taxation of both new and traditional tobacco products, with a preferred choice proposed by the committee. While this is only a working draft and the actual directive may differ upon submission on December 7th, it highlights which proposal the committee is leaning towards.
The London news center for 2FIRSTS has learned from insiders in the European e-cigarette industry that the issue of tobacco consumption tax is not on the agenda for discussion at the European Council in December. As a result, revisions to the tax law may not begin until as late as 2023.
Further Reading:
The European Commission is proposing a Europe-wide tax on electronic cigarettes, with the cost of a bottle of e-liquid potentially increasing by 2 euros.
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