Apple has cautioned that its UK operations may be hit by "greater restrictions on imports and exports" as a result of Brexit negotiations, according to its UK financial results.
A note from the Apple UK board in a Companies House filing advised that there could be "increased regulatory complexities" between the UK and EU and that "these changes may adversely affect the company's operations and financial results".
Its other UK arm, Apple Retail UK, posted an impressive £1.2bn sales in the same period and reported a £31m profit, paying £10m tax. It posted a 65pc increase from 2016's operating profit of £19.2m. It benefited from a £2.1m tax credit discount in its tax payment to HMRC, it wrote in...