Britain's tax authority H.M. Revenue & Customs (HMRC) is on track to be questioned about why it entered into a deal which has saved the owners of Formula One hundreds of millions of Pounds according to a report on ITV by Christian Sylt. The interest in F1's finances is being driven by British politician Meg Hillier, chair of the powerful Public Accounts Committee which stretches across political boundaries as it is a Parliamentary committee with a cross-party membership. The Public Accounts Committee recently raced into the spotlight in sport when it investigated footballers avoiding tax on income from image rights. In May Hillier will quiz HMRC on its deal with F1 which allows it to...
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