Clubs still allowing sailing

When I was a lad, doing my Accountancy training, a big issue with international clients was the risk of the taxman deeming the pricing between the UK operating business and overseas holding company to be un-commercial and set purely for profit-shifting purposes. If so HMRC would do their own assessment fo a fair cost, and bill for Corporation Tax based on the higher profit figure.

I still don’t understand why this process disappeared but I suspect it was an EU based levelling. Hopefully, post Brexit, we can start telling, Google, Apple, Dell  and M**rosoft, to name but 4 that purport to sell goods from Eire, that we are going back to the old rules. It’s not like a Mac or Dell ever goes anywhere near Dublin on its way from China to my desk.

Likewise the IP and licensing charges Amazon, Starbucks et al use to profit shift gets kicked out of the window. It’s an easy sum. They know the sales delivered into the UK as a proportion of worldwide sales. If the UK is 10% of sales, they get taxed on 10% of worldwide profit (probably plus a bit as we always get overcharged compared to the US)

The Oompa-lumpa President might not like it, but he could well out by then anyway.

We also used to have a lower Corporation Tax rate for smaller business (tax profit below £300k)

About time HMRC grew some balls, started picking on organisations its own size (no sweetheart deals like they did with Vodafone) and stopped the bullying 

The first is that it would be very easy to move the maximum racing wind limit downwards so that rescue services are required less often

Secondly, to educate sailors on how they can look after themselves if things go wrong. Nowadays, a sailors first reaction on something going wrong is to look around for the rescue boat.  A lot of the times that is not necessary.

To give some examples.  Many many years ago. I was at a 505 championship and our rudder blade broke.  No rescue boat could be seen, and we were about a mile and a half away from the shore.  By the time we got back to the shore we had become reasonably proficient in sailing without a rudder.  It is possible to get upwind in silly wind condition without much difficulty, by raising the centreboard if necessary.  If you want to go downwind there are two ways of doing this. One is to take the mainsail down, and the other is to completely lift the centreboard / daggerboard and just sit and wait and allow yourself to be blown far enough downwind until you can cope.  A spare length of rope and some spare split rings can deal with a lot of gear failure problems.

With regard to the championship situation I think that the driver here will be the availability of food and accommodation, rather than the actual racing organisation.