VPDS193200 | Vaping Products Duty and Vaping Duty Stamps: Penalties, offences and sanctions: Lost duty stamps: Penalty Rate

The penalty is calculated at a rate of five (5) times the vaping products duty rate (as specified in section 126(3) of FA 26) per duty stamp lost.

For example, if the trader has lost a roll of 1000 duty stamps through their own fault, and the duty rate is £2.20 per 10ml of vaping product, then the penalty will be:

5 x £2.20 = £11.00 per stamp
£11.00 x 1000 = £11,000 penalty liability