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
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
1d ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
3d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
3d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
6d ago from Motorsport.com
Popular On IndyCarToday.com
Untouchable Alex Palou eases to IndyCar victory at...
The IndyCar paddock travelled over 2700 miles from the event last...
26m ago from MotorsportWeek.c...
IndyCar Laguna Seca – Race Results
IndyCar traveled clear across the country since last weekend’s race,...
16m ago from MotorsportWeek.c...
IndyCar Laguna Seca – Qualifying Results
IndyCar traveled to the West Coast for a round at the historic Laguna...
1d ago from MotorsportWeek.c...
Alex Palou grabs IndyCar pole at Laguna Seca
IndyCar headed out for qualifying at Laguna Seca just before noon local...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
2d ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Former Tottenham player wishes he had joined Arsenal...
Former Premier League attacker Adel Taarabt has suggested that he had the...
4h ago from CaughtOffside.com
'We are extremely happy to have him' - Mikel Arteta...
Arsenal manager Mikel Arteta has expressed his joy at having teenage star...
5h ago from SportsKeeda.com
Mikel Arteta provides update as Arsenal star picks up...
Arsenal boss Mikel Arteta gave an update on Riccardo Calafiori's injury is...
5h ago from SportsKeeda.com
Player ratings: Arsenal 3-2 Newcastle
Arsenal made it two from two in pre-season with a 3-2 victory over follow...
8h ago from FreshArsenal.com
Comments
Hottest News
F1 Results Today: Norris blows title chance as Hamilton...
A delayed Belgian Grand Prix was won by a... Read More »
6h ago from GPFans.com
Marko confirms the real reason why Red Bull sacked...
Red Bull Racing’s decision to sack team... Read More »
13h ago from GPFans.com
‘What the f*** is this?’ - Fans SLAM F1 Movie theme...
F1 fans were sent into uproar on social media... Read More »
1h ago from GPFans.com