2021 Cost Cap Rumours and Speculation

[f1jcw]

As stated above they did get the tax credit, it's right there in the freaking document. What they didn't do was apply it correctly in their financial report.

From what I’ve heard, they are still waiting on the tax credit.

[f1jcw]

Causing 2 to 4 million in damages to your opponents by probable deliberate crashes: 10 sec. + 5 grid places penalty: "Harsh penalty."
Overspending by 400.000 on drinks, food, various social security payments, etc that you easily would've handled/paid out differently on hindsight, ergo no likely performance influence, after having an unexpected 2 to 4 million extra cost in damages caused by opponents: Massive wind tunnel penalty + massive cash penalty: "Weak penalty, what a joke"

People are funny.

Move the post again, cause what happened in 2021 stays in 2021, while its literally a discussion on 2021.

The cost cap is just a overall amount. Nothing to do with drinks or food, stop drinking the Redbull coolaid.

[ArcticWolfie]

This is the thing everyone seems to be ignoring.

They have not got the tax deduction so at this moment it is still a 2.2 overspend.
2.2 million.

Massive spending break, absolute travesty.

The FIA acknowledges that had RBR applied the correct treatment within its Full Year Reporting Documentation of RBR’s Notional Tax Credit within its 2021 submission of a value of £1,431,348, it would have been considered by the Cost Cap Administration to be in compliance with Article 4.1(b) of the Regulations and therefore RBR’s Relevant Costs for the 2021 Reporting Period would have in fact exceeded the 2021 Cost Cap by £432,652 (0.37%).

https://www.motorsport.com/f1/news/full ... /10391618/

Would could etc etc etc
Do you really believe that a multimillion organisation that can apply complex tax rules to their beneft and at the same time follow a complex cost cap set of rules cannot apply correctly some forms to the tax authorities?

Doh... obviously they tried to push their own interpretation and they failed. All other teams succeeded in circumventing the cap. Do you really believe all other teams are innocent? Only RBR got caught.
I work with far more money (private and government) and somehow they can all make money disappear or appear by the clap of their hand.

[f1jcw]

The FIA acknowledges that had RBR applied the correct treatment within its Full Year Reporting Documentation of RBR’s Notional Tax Credit within its 2021 submission of a value of £1,431,348, it would have been considered by the Cost Cap Administration to be in compliance with Article 4.1(b) of the Regulations and therefore RBR’s Relevant Costs for the 2021 Reporting Period would have in fact exceeded the 2021 Cost Cap by £432,652 (0.37%).

https://www.motorsport.com/f1/news/full ... /10391618/

Would could etc etc etc
Do you really believe that a multimillion organisation that can apply complex tax rules to their beneft and at the same time follow a complex cost cap set of rules cannot apply correctly some forms to the tax authorities?

Doh... obviously they tried to push their own interpretation and they failed. All other teams succeeded in circumventing the cap. Do you really believe all other teams are innocent? Only RBR got caught.
I work with far more money (private and government) and somehow they can all make money disappear or appear by the clap of their hand.

So… Redbull are innocent cause the teams that have being found to hhsvevstuck by the rules may have broken them some way in your mind, but Redbull were too honest and so unlike those other teams were unfairly punished.

Sure.

[west52keep64]

As stated above they did get the tax credit, it's right there in the freaking document. What they didn't do was apply it correctly in their financial report.

From what I’ve heard, they are still waiting on the tax credit.

I heard a similar thing, and that they applied for it retrospectively (pretty common in the UK tax system) and were hoping they could include it in last years numbers. I suspect other UK based teams could have done similar, but didn't because they probably realised it wouldn't count.

[ArcticWolfie]

Would could etc etc etc
Do you really believe that a multimillion organisation that can apply complex tax rules to their beneft and at the same time follow a complex cost cap set of rules cannot apply correctly some forms to the tax authorities?

Doh... obviously they tried to push their own interpretation and they failed. All other teams succeeded in circumventing the cap. Do you really believe all other teams are innocent? Only RBR got caught.
I work with far more money (private and government) and somehow they can all make money disappear or appear by the clap of their hand.

So… Redbull are innocent cause the teams that have being found to hhsvevstuck by the rules may have broken them some way in your mind, but Redbull were too honest and so unlike those other teams were unfairly punished.

Sure.

To be honest, I thought the penalty was mild. You're quick to judge... I thought the penalty would be at least 25~50 million euro's and 25% less use of the tunnel/data.
I'm just saying, it's not all black and white. In my opinion the cost cap is a joke that needs to be get rid of sooner than later.
It's the F1, not the F2, F3 or Indy...

[f1jcw]

As stated above they did get the tax credit, it's right there in the freaking document. What they didn't do was apply it correctly in their financial report.

From what I’ve heard, they are still waiting on the tax credit.

I heard a similar thing, and that they applied for it retrospectively (pretty common in the UK tax system) and were hoping they could include it in last years numbers. I suspect other UK based teams could have done similar, but didn't because they probably realised it wouldn't count.

They are behind in submitting their accounts as well

[f1jcw]

Doh... obviously they tried to push their own interpretation and they failed. All other teams succeeded in circumventing the cap. Do you really believe all other teams are innocent? Only RBR got caught.
I work with far more money (private and government) and somehow they can all make money disappear or appear by the clap of their hand.

So… Redbull are innocent cause the teams that have being found to hhsvevstuck by the rules may have broken them some way in your mind, but Redbull were too honest and so unlike those other teams were unfairly punished.

Sure.

To be honest, I thought the penalty was mild. You're quick to judge... I thought the penalty would be at least 25~50 million euro's and 25% less use of the tunnel/data.
I'm just saying, it's not all black and white. In my opinion the cost cap is a joke that needs to be get rid of sooner than later.
It's the F1, not the F2, F3 or Indy...

And the sport needs to be subjected to a team that has twisted the rules that has helped them win championships.
In any other sport they would be disqualified.

[Sieper]

Causing 2 to 4 million in damages to your opponents by probable deliberate crashes: 10 sec. + 5 grid places penalty: "Harsh penalty."
Overspending by 400.000 on drinks, food, various social security payments, etc that you easily would've handled/paid out differently on hindsight, ergo no likely performance influence, after having an unexpected 2 to 4 million extra cost in damages caused by opponents: Massive wind tunnel penalty + massive cash penalty: "Weak penalty, what a joke"

People are funny.

Move the post again, cause what happened in 2021 stays in 2021, while its literally a discussion on 2021.

Have a look at the thread title, 2021 cost cap.

I feel very bad about this whole mess. The leaking, the theatrics with false rumours. The actual checking which is a farce, it is about the reporting. That has been checked, what the teams spent in reality, who knows.

[ArcticWolfie]

So… Redbull are innocent cause the teams that have being found to hhsvevstuck by the rules may have broken them some way in your mind, but Redbull were too honest and so unlike those other teams were unfairly punished.

Sure.

To be honest, I thought the penalty was mild. You're quick to judge... I thought the penalty would be at least 25~50 million euro's and 25% less use of the tunnel/data.
I'm just saying, it's not all black and white. In my opinion the cost cap is a joke that needs to be get rid of sooner than later.
It's the F1, not the F2, F3 or Indy...

And the sport needs to be subjected to a team that has twisted the rules that has helped them win championships.
In any other sport they would be disqualified.

And RBR would've left the sport, ruining the sports... and the circle is round again.

It's the FIA coming up with these non black/white rules.

I've been playing this game a lot longer than you it seems. Maybe go start working for a contractor or subsidiary to gain some experience?

[west52keep64]

From what I’ve heard, they are still waiting on the tax credit.

I heard a similar thing, and that they applied for it retrospectively (pretty common in the UK tax system) and were hoping they could include it in last years numbers. I suspect other UK based teams could have done similar, but didn't because they probably realised it wouldn't count.

They are behind in submitting their accounts as well

I think that's intentional. It would have been harder to use the tax credit as mitigation if they had submitted their accounts without it, which they'd have been forced to do.

[GrizzleBoy]

So this tax credit thing is just a Red herring.

Thats like me telling someone I've already paid off a loan to them with money I never had or am still waiting to be paid myself.

If I don't have that money, I cannot claim I used it to pay off my loan, can I?

Or to make it easier for everyone to understand.

You can't try to impress a lady by telling her youre a six figure earner because you're waiting to hear back from apple about the engineering job you've applied for.

To make matters worse, given how bad Red Bull seem to be their submissions and complying with rules, it isn't even actually a given that they will receive this credit they've applied for.

[dans79]

And RBR would've left the sport, ruining the sports... and the circle is round again.

And my response to that would be the sport is better off in the long run then!

[ArcticWolfie]

And RBR would've left the sport, ruining the sports... and the circle is round again.

And my response to that would be the sport is better off in the long run then!

I had the same response for the past 7 years when Mercedes cheated in 2012 and gained a lot more experience beforehand.

[littlebigcat]

If Red Bull left the sport, someone would step in straight away to buy a championship winning team that makes money. Its a golden goose