HomeNewsBusinessMotorsportEngland

F1 pays just £1m in corporation tax

Formula One paid just £1 million in corporation tax in the UK in 2011 despite profits in excess of £300 million, due to a series of complex tax arrangements, according to The Independent.

You need to have an account to access our content

Find out more about our news, features and services

Already have an account? Sign in here

Related News

Motorsport
Media

Pay-television broadcaster Canal Plus has agreed a five-season extension to its media rights deal in France for the Formula 1 motor racing championship
Motorsport
Sponsorship & Marketing

Online car marketplace Heycar has signed as an official partner of the annual Goodwood Festival of Speed in a multi-year sponsorship
Motorsport
Events

Formula 1 chief executive and president Stefano Domenicali has travelled to South Africa to hold talks to advance the motor-racing championship’s long-held goal of returning a grand prix to the continent.
Motorsport
Media

A new player looks set to emerge in China's sports media landscape, with giant telco China Telecom in advanced talks to acquire digital rights for Formula 1 motor racing, according to local industry insiders
Premium