Experts reveal the Brexit impact on the classic car market
Classic car firms have revealed the toll Brexit has taken in the short time since the transition period closed on 31 December and Britain fully left the EU. Experts have highlighted increased red tape, additional costs and lack of supporting literature to ease confusion around new rules that have come into force as part of the UK's divorce from the EU. These range from cars needing a 'passport', to big VAT tax bills on imported modern classics and added headaches for those exporting collectible vehicles to Europe. Manufacturers, logistical firms, auction houses and collectible motor dealers h...
Source: thisismoney.co.uk