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, the FIA accepted that Red Bull would have breached the cost cap by 0.37% ($500,000).
There were 13 areas in total that the FIA determined needed to be adjusted, such as sick pay, catering costs and the value of unused parts.