A Smugglers dream come true- Department of Finance overrules its own experts and chooses to ignore the efficiency of Tax Stamps for new vape excise system.
Ireland operates a tax stamp system for cigarettes and roll your own tobacco products. Cigarettes and roll your own tobacco products must bear an Irish tax stamp. Otherwise the products are liable to be seized by Revenue.
CSNA members are frequently visited by officials from Customs and Excise-Revenue who check our stock of excised products to ensure that we are compliant and do not have contraband products on sale.
There are NO reported instances of ANY registered tobacco products retailer having been detected selling products that did not have the appropriate excise paid, courtesy of the ubiquitous and very public Tax Stamp.
It is, without doubt, the best, most effective and efficient tool to combat evasion and ensure compliance within our sector.
That is why the decision by the Minister of Finance to initiate a self-declaration system for excise compliance is an absolute disaster waiting to happen and will lead to a Wild West of tax evasion and smuggling, removing tens of millions of euro in sales and Exchequer Revenue from legitimate businesses and furthering criminality and lawlessness.
It’s not too late- insist on Tax Stamps for vaping products to your TDs NOW.
