Budget 2024: Price of cigarettes goes up as Government announces new tax on e-cigarettes

E-cigarettes will also be taxed next year.

Government have announced that the price of cigarettes will increase by 75c per pack as part of the 2024 Budget.

Finance Minister Michael McGrath, and Minister for Public Expenditure, announced the Budget package at Leinster House on Tuesday afternoon.

The Budget measures are expected to result in tax breaks worth a potential €800 for workers. There will also be energy credits for €450 for households to tackle the cost-of-living crisis.

Budget 2024: Price of cigarettes goes up as Government announces new tax on e-cigarettes.

Meanwhile, social welfare payments will increase by €12 a week, and the minimum wage will increase by €1.40 to €12.70 per hour.

There will also be half-price public transport travel fees for those aged under 25.

Tobacco smokers, however, will see a rise in the cost of a pack of 20 cigarettes. Pro-rate increase on other tobacco products.

A pack of cigarettes will now cost 75c more, bringing the price of cigarettes up to €16.75.

Back in 2015, the price of a pack of 20 cigarettes went above €10 for the first time when the price was raised to €10.50.

There will also be a domestic tax introduced on e-cigarettes in next year’s budget.

Minister McGrath said that ‘Considerable preparatory work’ must be done before this tax is introduced.

Read next – Budget Day 2024: Follow live as Government announce spending plan.

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