Airbus fined £6.4m for breaching rules on export of sensitive technology
Airbus has been fined £6.4 million by HM Revenue and Customs (HMRC) for multiple breaches of UK export control rules, specifically for failing to keep records of sensitive technology transfers before November 2022. This marks HMRC's largest out-of-court settlement for strategic export offenses.
Airbus’s failue to follow the rules is notable given its pivotal role in Europe’s defence sector. Airbus’s failue to follow the rules is notable given its pivotal role in Europe’s defence sector. Airbus Airbus fined £6.4m for breaching rules on export of sensitive technology Manufacturer self-reported the offences to HMRC in the tax authority’s largest out-of-court settlement
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