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Red Bull and the FIA entered an Accepted Breach Agreement on Wednesday after the Milton Keynes-based team breached the 2021 financial regulations.
According to the details released Friday by Formula One’s governing body, the team only exceeded last year’s cost cap by 1.6% (£1,864.000), which is categorized as a minor breach. However, there was an unclaimed UK tax credit of £1.4 million ($1.6 million). When taking that into account if they had correctly applied for it, the FIA acknowledged that Red Bull would have breached the cost cap by 0.37% ($500,000).
