McLaren gets tax back on 2007 fine

McLaren has won the right to claim a corporation tax deduction on the £32 million fine that it was handed for its involvement in the 2007 spying controversy with Ferrari. After a recent appeal hearing in front of judges against the Commissioners for Her Majesty's Revenue and Customs (HMRC), the Woking-based team successfully argued that the fine was 'connected' with its trade so could be put against tax. HMRC had claimed that McLaren's fine should not be tax exempt because it had been handed to the team for activities that were not directly related to its racing programme.

Keith Greene Brian Hart Juan Pablo Montoya Peter de Klerk Cars Gimax Masten Gregory Cliff Griffith