News Details
McLaren lose spy fine tax battle
McLaren's spygate fine from back in 2007 is not tax deductible, according to Britain's Revenue and Customs.
The Woking team was fined $100 million in 2007 when they were found guilty of illegally being in possession of secret Ferrari data.
The fine was reduced by almost half with McLaren seeking for that to be exempt from Corporation Tax. The team stated that it was "connected" to the business trade.
However, Reuters reports that on Wednesday HMRC ruled that the "illicit gathering" of information was not a part of the team's trading activities.
"We're very pleased the Upper Tribunal agrees that the fine should not be given tax relief, which supports our view that...
Full Story »
Full Story »
11y ago from PlanetF1.com
0
You May Also Be Interested In...
Tribunal turns down McLaren spy-gate fine tax rebate
No luck in court for McLaren
McLaren have lost a claim that a record £32...
11y ago from GrandPrix247.com
Rosberg says psychology playing a role in F1 battle
Nico Rosberg in Canada
In Canada Mercedes suffered the first hiccup in an...
11y ago from GrandPrix247.com
Montezemolo calls urgent meeting over F1's future
Ferrari president Luca di Montezemolo has called for an urgent meeting to...
11y ago from TheF1Times.com
Wolff backs 'fighter' Lewis
Mercedes team chief Toto Wolff has backed 'fighter' Lewis Hamilton to hit...
11y ago from SkySports.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo: Yamaha ‘has no idea’ how to fix...
No description available...
5h ago from Motorsport.com
Marco Bezzecchi ‘wasn’t expecting’ Aprilia COTA...
Marco Bezzecchi admitted he “wasn’t expecting” a record-breaking...
6h ago from MotorsportWeek.c...
What happened in Marco Bezzecchi and Pedro Acosta’s...
No description available...
9h ago from Motorsport.com
Winners and losers from MotoGP’s United States GP
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
Pato O’Ward left searching for answers after...
No description available...
4h ago from Motorsport.com
Christian Lundgaard left frustrated by costly pit stop...
Christian Lundgaard finished second in Sunday’s IndyCar race from...
8h ago from MotorsportWeek.c...
David Malukas “learned a lot” with tire strategy...
No description available...
5h ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
1d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
4d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
4d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Man United eye perfect Casemiro replacement with move...
Leon Goretzka has been heavily linked with a move away from Bayern Munich...
4h ago from CaughtOffside.com
Arsenal forward’s availability for Champions League...
Arsenal star Noni Madueke's availability is in doubt for the UEFA...
6h ago from SportsKeeda.com
“It made absolutely no sense” - Tuchel makes...
England manager Thomas Tuchel has revealed that Arsenal duo Declan Rice...
7h ago from SportsKeeda.com
'I'm very grateful to them' – Cristhian Mosquera...
Arsenal man Cristhian Mosquera has revealed that he has received guidance...
7h ago from SportsKeeda.com
Comments
Hottest News
Honda reveal stunning new Aston Martin detail which changes...
A revelation from Honda's president made during... Read More »
3h ago from GPFans.com
Christian Horner still focused on F1 after 'start/finish'...
Insights into Christian Horner's private life are... Read More »
38m ago from GPFans.com
'Things happened which even I cannot comprehend': Toto...
Toto Wolff has delivered a tell all interview... Read More »
2h ago from GPFans.com
