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News - April
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 Links: HMRC Budget notice
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