Maybe Lola should have got tax advice from Mclaren

[Adrian W]

http://news.bbc.co.uk/today/hi/today/newsid_975900...

Genius

Edited by Adrian W on Thursday 11th October 11:48

[SystemParanoia]

haha excellent

[andyps]

Sounds reasonable to me, it was not related to normal activity of McLaren, it was a payment which McLaren were forced to make by a regulator in order to stay in business. The alternative for McLaren was to go out of business which would have cost HMRC rather a lot more in lost revenue. A cost of business for McLaren, therefore should be tax deductible.

[Eric Mc]

Not a legal fine imposed by statute but a cost of the business. Completely allowable and HMRC should not have wasted their time pursuing this case.

[Redlake27]

Ron would call that optimal negative revenue redeployment

[rubystone]

Redlake27 said:

Ron would call that optimal negative revenue redeployment

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[Fonz]

Either way still nice to see our government torpedoing British industry for a short term gain. I wonder how long it will take before the small amount of cash that HMRC made through shafting Lola is spent on paying benefits to the unemployed staff…

[Wanta996Gotta]

Mclaren get Tax back - http://www.autosport.com/news/report.php/id/103312