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

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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.