Former Formula 1 Champion Loses £1.4m HMRC Tax Bill Appeal
8 Articles
8 Articles
The former Formula One world champion has been ordered to pay back a tax debt of around 1.7 million euros after losing a court battle with the British tax authority. South African Jody Scheckter is a former racing driver who competed in Formula 1 from 1972 to 1980, winning the World Drivers' Championship in 1979 with Ferrari. He remains to this day the only African driver to have won the World Drivers' Championship. Read more at www.carandmotor.…
Former Formula 1 champion loses £1.4m HMRC tax bill appeal
Former Formula 1 world champion Jody Scheckter has been forced to stump up £1.4m in unpaid tax after an appeal against an HMRC ruling on his buffalo farm failed in court. The 1979 F1 title-winner was forced to close the buffalo farm business in 2024 due to “significant increases in costs, a reduction in milk [...]
The Independent
The Independent (US)Formula One champion Jody Scheckter loses £1.4m tax battle over failed buffalo farm
The farm failed to qualifiy for tax relief as it registered a loss year after year
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