Ecclestone UK’s second biggest taxpayer after £650m fraud settlement
Ex-F1 CEO Bernie Ecclestone has been forced to pay the taxm𝓰an a substantial sum.
Ex-F1 supremo♛ Bernie Ecclestone has been named as the United Kingdom’s second-biggest ꦰtaxpayer last year following his £650 million fraud settlement.
Ecclestone was forced to pay the hefty settlement after he was found guilty of failing to de✅clare more than £400 million held in a Singapore trust.
The 93-year-old was spared jail after he agreed to settle £652.6m in tax that h🎀e was meant to pay HM Revenue & Customs.
Ecclestone was narrowly beaten to top spot by Russian-born financial trader Alex Gerko, ꦆwho paid £664.5 in tax.
“I have alw💧ays paid tax in the UK, every year I always have𝄹,” he told .
🌄“The issue was about the tax I earned ဣoverseas that the (UK) taxman thought I should pay UK tax on.
“It was an ✨honest mistake and I think everyone knew that.”
Ecclestone was in charge of F1 for over 40 years, with his tenure coming to🍌 an end in 2017 when✃ Liberty Media acquired ownership.
The 93-yeaꦑr-old 🎐still makes sporadic paddock appearances.
Witꦫh a sharp eye for F1’s controversieಞs and storylines, Connor is the heartbeat of our unbiased reporting.
