Under the proposals, tobacco companies would be subject to a ‘polluter pays’ law amendment to prevent children and young people from taking up the habit and help smokers quit.
The government has committed to achieving a smokefree society by 2030 in which fewer than 5% of the adult population smokes.
The cross-party group of MPs and peers said it must now commit to stronger actions that are needed to secure its vision.
APPG chairman Bob Blackman said: ‘Our report sets out measures which will put us on track to achieve the government’s ambition to end smoking by 2030, but they can’t be delivered without funding.
‘Tobacco manufacturers make extreme profits selling highly addictive, lethal products, while government coffers are bare because of Covid-19.
‘The manufacturers have the money, they should be made to pay to end the epidemic.’
The group called for targeted investment to provide extra support to help smokers stop in regions and communities where smoking does the most damage.
This would include people who are in routine and manual jobs, unemployed, living in social housing, or who have a mental health condition or are pregnant.
The report suggests widespread public support for the recommendations, which have been backed by health charities and medical groups, with more than three quarters (76%) of the public supporting the Smokefree 2030 ambition.
Some 77% support the polluter pays levy, while 63% backed increasing the age of sale from 18 to 21.