M&S Percy Pig Sweets Could Be Affected By New Brexit Trade Rules
Considering the fact that M&S's Percy Pig is manufactured in Germany before being shipped to the UK, then re-exported to M&S outlets in Ireland, France and the Czech Republic, it could mean that the new Brexit trade rules could mean extra tax will be applied to the popular sweets, reports BBC.com.
On Friday, referring to the new trade regulations that now govern UK-EU, M&S chief executive Steve Rowe said: "The best example I can give you of that is Percy Pig," he said,
"Percy Pig is actually manufactured in Germany. If it comes to the UK and we then send it to Ireland, in theory, it would have some tax on it," he added.
According to the BBC, M&S said it was "actively working to mitigate" the effects of the "rules of origin" regulations, under which products are taxed differently depending on which country they come from.
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