Ecclestone UK’s second biggest taxpayer after £650m fraud settlement
Ex-F1 CE💙O Bernie Ecclestone has been forced to pay the taxman a substantial sum.
Ex-F1 supremo Bernie Eccle𒅌stone has been named as the United Kingdom’s second-biggest🦋 taxpayer last year following his £650 million fraud settlement.
Ecclestone wa♑s forced to pay the hefty settlement aft🌜er 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 settle £652.6m in tax that he was meant to pay HM Re🔯venue & Customs.
Ecclestone was narrowly beat💛en to top spot by Russian-born financial ꦉtrader Alex Gerko, who paid £664.5 in tax.
“I have always paid tax🌄 in🌊 the UK, every year I always have,” he told .
“The issue was about the tax I earned overseas that th🌌e (UK) taxm✤an thought I should pay UK tax on.
“I𝓡t was an honest mistake and I think everyone kne꧒w 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-year-old still makes sporadic 💃paddock appearances.
With a sharp eye꧙ for F1’s controversies and storylines, Connor is the heartbeat of our unbiased reporting.
