Ecclestone UK’s second biggest taxpayer after £650m fraud settlement
Ex-F1 CEO Bernie Eccl🐬estone has been forced t🏅o pay the taxman a substantial sum.
Ex-F1 supremo Bernie Ecclestone has been named as the United K🔜ingdom’s second-biggest taxpayer last year following hꩵis £650 million fraud settlement.
Ecclestone was forced to pay the hefty settlement after he was found guilty of failing to declare more than £400 million held in a S🍬ing🌄apore trust.
The 93-year-old was spared jail after he agreed to settle £652.6m in tax that he was meant to pay HM Revenue & Customs💯.
Ecclestone was narrowly beaten to top spot by Russian-born 🅺financial trader Alex Gerko, who paid £664.5 in tax.
“I have always paid tax in the U🌳K, every year I always have,” he told .
“The issue was about the tax I earned overseas that the (UK) taxma💛n thought I should pay UK tax on.
“It wa♏s an honest mistake and I think everyone knew that.”
Ecclestone was in charge of F1 for over 40 years,💃 with his tenure comᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚing to an end in 2017 when Liberty Media acquired ownership.
The 93-year-old still 🌌makes sporadic paddock appeara🌺nces.
With a sharp eye fo𝔉r F1’s ꦜcontroversies and storylines, Connor is the heartbeat of our unbiased reporting.
