Toyota And Nissan Will Seek Tax Compensation If Brexit Talks Fail

Toyota and Nissan will seek tax compensation if Brexit talks fail

TOKYO — Japanese automakers Toyota and Nissan would seek reimbursement from Britain if the government fails to agree an EU trade deal, the Nikkei financial daily reported on Monday.

The companies are bracing for an additional 10% EU tax on automobile imports from Britain and are demanding that the government pays for such additional customs costs, the report said, without citing sources.