Ecclestone UK’s second biggest taxpayer after £650m fraud settlement
Ex-F1 CEO Bernie Ecclestone has been 𒆙forced to pay the taxman a substantial sum.
Ex-F1 supremo Bernie Ecclestone has been named as the United Kingdom’s second-biggest taxpayer last year following his £650 mil🅺lion 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 Singapore trust.
The 93-year-old was spared jail after he agreed to 🅺se🤪ttle £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 h🐭ave always paid tax ༺in the UK, every year I always have,” he told .
“The i💃ssue was about the tax I earned overs🎃eas that the (UK) taxman thought I should pay UK tax on.
“Itꦜ was an honest mistake and I think everyone knew thatꦬ.”
Ec𓃲clestone 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-year-old still makes sporadic paddock a൩ppearances.
With a sharp eye for F1’s controversies and storylines, Connor is the heartbeat of ou🍸r unbiased reporting.
