HM Revenue and Customs
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HMRC offers firms online Olympics advice

HMRC offers firms online Olympics advice

News Release issued by the COI News Distribution Service on 14 July 2011

Small and medium-sized companies hoping to win Olympics contracts are invited to take advantage of an HMRC online advice seminar this month.

The HM Revenue and Customs (HMRC) online webinar will run on 27 July at 6pm, and can be downloaded free from the internet thereafter.

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 will cover 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 go about making a bid for an Olympic contract. It will also explain how customers can get support and guidance on any tax obligations and entitlements.

To register in advance for the webinar, go to //www.mihmentoring.com/webinars/upcoming-webinars/item/hmrc-pitching-for-the-olympics.

Notes to Editors

1. There are some 34 Games venues, in London, Coventry, Windsor, Essex, Glasgow, Lee Valley (Herts), Cardiff, Manchester, Newcastle and Weymouth and Portland (Dorset).

2. There are agreed Games team training camps in the following areas and cities: Bristol, Bath, Cambridge, Durham, Greater Manchester, Cardiff, Swansea, Newport, South East England, Hertfordshire, Medway, Tonbridge, Loughborough, Harrow, Stratford, Docklands, Sheffield, Crawley, Stoke Mandeville, Birmingham, Leeds and Central London. Further sites are still in negotiation.

3. Further information for businesses wanting to gain Games contracts can be seen at: //www.london2012.com/get-involved/business-network/index.php

4. For further HMRC Olympics and Paralympics Games information: http://www.hmrc.gov.uk/2012games/index.htm

5. To find out about HMRC's general advice and seminar services, ring the national booking service on 0845 603 2691 or go to our website at www.hmrc.gov.uk/bst

6. Follow HMRC on Twitter @HMRCgovuk

NAT 62.11

Issued by HM Revenue & Customs Press Office

Press enquiries only please contact:

Contacts:

HM Revenue & Customs Press Office
HMRC-Press-office.NDSmanagement@hmrc.gsi.gov.uk

Jan Marszewski
Phone: 020 7147 0798
jan.marszewski@hmrc.gsi.gov.uk

HMRC Out of Hours
Phone: 07860 359544
NDS.HMRC@coi.gsi.gov.uk

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