BERN: Bernie Ecclestone has vowed to fight after Her Majesty’s revenue and Customs decided to tear up a settlement deal relating to a family trust.
Ecclestone has previously under investigation by the British tax collectors and reached a settlement back in 2008. However, HMRC now says that deal is invalid, relating to evidence that came to light during his German bribery case. “The tax and interest demanded as a result of the decision is over 1 billion pounds,” Bloomberg reports judge Kenneth Parker as having said.