News
June 2008
Reduced Rate for Smoking Cessation Products
A reduced 5% VAT rate for ‘over the counter’ sales of smoking cessation products was introduced from 1 July 2007 for a period of one year only. The government has announced that the 5% reduced rate will continue to apply.
Smoking cessation products dispensed on prescription continue to be zero rated.
Internet Link: HMRC Budget notice
