Compliance with the Cost Cap

In Simple Terms

F1 teams must keep track of their spending and make sure they don't spend more money than the cost cap limit allows each year. Teams have to report their costs honestly and in their home currency, and if they go over budget, they face penalties.

• Teams must report all relevant costs against the annual cost cap limit
• Spending must be tracked in the team's own currency (Presentation Currency)
• Teams cannot exceed the cost cap during the full financial reporting year
• Accurate financial reporting is mandatory for compliance