Classic Car Imports From EU Set to Incur Taxes of 30%
Another Brexit effect has come to light which is yet another blow to classic car enthusiasts who are finding their passion becoming ever more expensive. It appears that cars imported from Europe are likely to incur a 30% tax after December 31st. This will consist of a 20% VAT charge and 10% Duty. This means any vehicles arriving from the Continent could be considerably more expensive in a matter of mere weeks. This tax is in line with imports from the rest of the world which already incur this tax. Currently, vehicles and motorcycles imported from Europe have these taxes