Paradise Papers: Formula 1 champion Lewis Hamilton ‘avoided’ £3.3million of VAT on private jet using Isle of Man …

Formula 1 world champion Lewis Hamilton ‘avoided’ paying VAT on his £16.5million private jet, the Paradise Papers have revealed.

The 32-year-old, who won his fourth world title last week, received a £3.3million refund for the Bombardier Challenger 605, which was imported into the Isle of Man.

Any private jet purchased outside the European Union is subject to 20% VAT, in order to move freely around the continent. 

Formula 1 world champion Lewis Hamilton 'avoided' paying VAT on his £16.5million private jet (pictured), the Paradise Papers have revealed

Formula 1 world champion Lewis Hamilton ‘avoided’ paying VAT on his £16.5million private jet (pictured), the Paradise Papers have revealed

The 32-year-old, who won his fourth title last week, received a £3.3million refund for the Bombardier Challenger 605, which was imported into the<p data-recalc-dims=... read more at: http://www.dailymail.co.uk/news/article-5055467/Lewis-Hamilton-avoided-VAT-16-5million-private-jet.html

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