Ecclestone UK’s second biggest taxpayer after £650m fraud settlement
Ex-F1 CEO Bernie Ecclestone has been forced to pa🐬𓆉y the taxman a substantial sum.
Ex-F1 supremo Bernie Ecclestone has been named as the Unite🙈d Kingdom’s second-bigg❀est taxpayer last year following his £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 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 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 p💫aid tax in the UK, every year I always🅰 have,” he told .
“The issue was abou🎀t the tax I earne🐈d overseas that the (UK) taxman thought I should pay UK tax on.
“It was an honest mistake and I𝓀 think everyone knew that.”
Ecclestone was in charge of F1 for over 40 years, witꩲh his tenure coming to an end in 2017 when Liberty Media acquired ownership.
The 93-year-old still makes sporadic paddoꦫck appearances.
With a sharp eye for F1’s conওtroversies andജ storylines, Connor is the heartbeat of our unbiased reporting.
