THE number of luxury cars imported into the UK from the EU increased by 16 per cent in the past year, according to a new study.
The rise has been attributed to the prospect of added taxes in the event of the UK leaving the EU without a deal.
Just over 3,800 luxury cars were imported in the past year, compared with 3,297 in the previous 12 months, said law firm Boodle Hatfield.
Fred Clark, pictured, associate at the company, which acts for wealthy individuals as well as businesses, property owners and families, said: ‘A no-deal Brexit could mean luxury car imports become 32 per cent more expensive overnight.
‘There is a possibility that moving cars into and out of the UK will become more difficult if the UK leaves the EU with no deal.
‘More individuals are now taking that risk seriously and bringing vehicles into the UK from the EU.’