News Details
Lotus F1 receives final adjournment in tax case
The Lotus Formula 1 team has been granted a final adjournment in its High Court battle over an unpaid tax bill. Insolvency proceedings were lodged against the Enstone team by HM Revenue and Customs earlier this month regarding an outstanding £900,000 (1.9 Million AUD) income tax and national insurance payment for June. The London High Court ruled on Friday that the team has another seven days to resolve the matter ahead of a final hearing on September 28. Lotus is currently in discussions with Renault over a potential take over by the French manufacturer which has further complicated the issue. While Justice Birrs stated he would not grant another adjournment, Lotus representatives have...
Full Story »
Full Story »
10y ago from SpeedCafe.com
0
You May Also Be Interested In...
Don't believe the negative rumours you here - Lotus
Lotus deputy team princpal Federico Gastaldi has hit back at the...
10y ago from GrandPrixTimes.com
Lotus tax case adjourned again
Lotus' case against the British tax authorities is adjourned for another...
10y ago from Crash.net
Time running out for Lotus as administration looms
Embattled Lotus' recent troubles are not over yet, as they face mounting...
10y ago from GrandPrix247.com
Lotus dismisses negative speculation
Lotus F1 Team Lotus deputy team principal Federico Gastaldi has dismissed...
10y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP chiefs visit Buenos Aires construction site...
No description available...
15m ago from Motorsport.com
What is custom motorcycle paint in the racing world?
Custom paintwork involves decorating vehicles. There is the Californian...
13h ago from MotorsportWeek.c...
Why Jorge Martin is back - but not at his best yet in...
No description available...
22h ago from Motorsport.com
MotoGP's Concorde Agreement edges closer as talks near...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar changes Arlington results, penalizing Kyffin...
No description available...
16h ago from Motorsport.com
Ed Carpenter set for one-off Indy 500 run with...
No description available...
21h ago from Motorsport.com
Will Power compares ‘military-like’ Andretti to...
When Will Power signed a contract to join Andretti Global for the 2026...
1d ago from MotorsportWeek.c...
Will Power: “You cannot have a weakness” going...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Subaru teases new rally car for Japanese Championship
No description available...
3h ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
'There's no star player' – Jamie Carragher warns...
Liverpool great Jamie Carragher has warned Arsenal manager Mikel Arteta...
2h ago from SportsKeeda.com
Episode 869 – The Box
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
2h ago from Arseblog.com
Report: Liverpool, Man Utd & Chelsea hold firm...
Liverpool, Manchester United, and Chelsea are reportedly all keeping a...
4h ago from CaughtOffside.com
It's non-stop, there's no escape
Morning all. Why does everything beep these days? You know the way there...
5h ago from Arseblog.com
Comments
Hottest News
Nico Hulkenberg appears to confirm Audi rift rumours with...
Nico Hulkenberg has appeared to confirm rumours... Read More »
3h ago from MotorsportWeek.com
Aston Martin F1 chief named as Audi target after Jonathan...
A new name has been thrown into the Jonathan... Read More »
2h ago from GPFans.com
F1: Mercedes 'wing issue' down to reliability
FIA seemingly dismisses talk of Mercedes front... Read More »
1h ago from Pitpass.com
