Opinion

HMRC offers firms online Olympics advice

Small and medium-sized companies hoping to win Olympics contracts can take advantage of the results of an HMRC online advice seminar that ran at the end of July which can now be downloaded free of charge.

It is estimated that the Olympic and Paralympic Games will involve more than 50,000 contracts, worth about £6bn. The sectors affected range from construction, engineering and manufacturing to creative, merchandising and retail, and contracts will be available at or near the 34 Games venues around the country.

The seminar covers issues such as talking to a bank about financing, ensuring that the right systems are in place to comply with procurement policies and how firms should go about making a bid for an Olympic contract. It also explains how customers can get support and guidance on any tax obligations and entitlements.

See www.mihmentoring.com/webinars/upcoming-webinars/item/hmrc-pitching-for-the-olympics and www.london2012.com/get-involved/business-network/index.php.

This was first published in September 2011

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