Ex-F1 supremo Bernie Ecclestone has been named as the UK’s second-biggest taxpayer final yr following his £650 million fraud settlement.
Ecclestone was pressured to pay the hefty settlement after he was discovered responsible of failing to declare greater than £400 million held in a Singapore belief.
The 93-year-old was spared jail after he agreed to settle £652.6m in tax that he was meant to pay HM Income & Customs.
Ecclestone was narrowly overwhelmed to prime spot by Russian-born monetary dealer Alex Gerko, who paid £664.5 in tax.
“I’ve all the time paid tax within the UK, yearly I all the time have,” he informed the Occasions.
“The problem was in regards to the tax I earned abroad that the (UK) taxman thought I ought to pay UK tax on.
“It was an sincere mistake and I feel everybody knew that.”
Ecclestone was answerable for F1 for over 40 years, along with his tenure coming to an finish in 2017 when Liberty Media acquired possession.
The 93-year-old nonetheless makes sporadic paddock appearances.
