Prosecutors allege that the ex-F1 boss failed to declare a trust in Singapore with a bank account holding around £400m ($650m) when asked about any foreign trusts he was involved in.
It is understood that Ecclestone claimed he had set up “only a single trust” in favour of his three daughters, and that he was “not the settler nor the beneficiary of any trust in or outside of the UK.”
The charge against him was authorised by the Crown Prosecution Service (CPS) in July last year following an investigation by HMRC, the UK tax office.
Prosecutors accused Ecclestone of acting “dishonestly” and intending to profit from the claims.
Ecclestone stepped down as F1 chief executive in 2017 following a four-decade reign of the sport.