How Lewis Hamilton’s jet scheme works

1

Lewis Hamilton’s jet is legally owned by a company in the British Virgin Islands which he ultimately owns

2

The jet is imported to the EU through his Manx company. No VAT is paid on the grounds that it is part of a jet leasing business

How Lewis Hamilton’s jet scheme works

1

Lewis Hamilton’s jet is legally owned by a company in the British Virgin Islands which he ultimately owns

2

The jet is imported to the EU through his Manx company. No VAT is paid on the grounds that it is part of a jet leasing business

How Lewis Hamilton’s jet scheme works

1

Lewis Hamilton’s jet is legally owned by a company in the British Virgin Islands which he ultimately owns

2

The jet is imported to the EU through his Manx company. No VAT is paid on the grounds that it is part of a jet leasing business

How Lewis Hamilton’s jet scheme works

1

Lewis Hamilton’s jet is legally owned by a company in the British Virgin Islands which he ultimately owns

2

The jet is imported to the EU through his Manx company. No VAT is paid on the grounds that it is part of a jet leasing business

3

The jet is leased into a legitimate charter business. This company takes care of staffing and maintenance

4

No third parties hire the jet, with Hamilton and his business having the sole charter agreements

The jet is contracted for 80 hours by Hamilton personally, and 160 hours by his company BRV Ltd. VAT is payable on leisure flights. Based on contracts, one third of the £3.3m import bill may have been due

Hamilton should have also paid VAT on the cost of leasing, crewing and flying his jet on leisure flights made in Europe

How Lewis Hamilton’s jet scheme works

1

Lewis Hamilton’s jet is legally owned by a company in the British Virgin Islands which he ultimately owns

2

The jet is imported to the EU through his Manx company. No VAT is paid on the grounds that it is part of a jet leasing business

3

The jet is leased into a legitimate charter business. This company takes care of staffing and maintenance

4

No third parties hire the jet, with Hamilton and his business having the sole charter agreements

The jet is contracted for 80 hours by Hamilton personally, and 160 hours by his company BRV Ltd. VAT is payable on leisure flights. Based on contracts, one third of the £3.3m import bill may have been due

Hamilton should have also paid VAT on the cost of leasing, crewing and flying his jet on leisure flights made in Europe

How Lewis Hamilton’s jet scheme works

1

Lewis Hamilton’s jet is legally owned by a company in the British Virgin Islands which he ultimately owns

2

The jet is imported to the EU through his Manx company. No VAT is paid on the grounds that it is part of a jet leasing business

3

The jet is leased into a legitimate charter business. This company takes care of staffing and maintenance

4

No third parties hire the jet, with Hamilton and his business having the sole charter agreements

The jet is contracted for 80 hours by Hamilton personally, and 160 hours by his company BRV Ltd. VAT is payable on leisure flights. Based on contracts, one third of the £3.3m import bill may have been due

Hamilton should have also paid VAT on the cost of leasing, crewing and flying his jet on leisure flights made in Europe

1

Lewis Hamilton’s jet is legally owned by a company in the British Virgin Islands which he ultimately owns

2

The jet is imported to the EU through his Manx company. No VAT is paid on the grounds that it is part of a jet leasing business

3

The jet is leased into a legitimate charter business. This company takes care of staffing and maintenance

4

No third parties hire the jet, with Hamilton and his business having the sole charter agreements

The jet is contracted for 80 hours by Hamilton personally, and 160 hours by his company BRV Ltd. VAT is payable on leisure flights. Based on contracts, one third of the £3.3m import bill may have been due

Hamilton should have also paid VAT on the cost of leasing, crewing and flying his jet on leisure flights made in Europe

1

Lewis Hamilton’s jet is legally owned by a company in the British Virgin Islands which he ultimately owns

2

The jet is imported to the EU through his Manx company. No VAT is paid on the grounds that it is part of a jet leasing business

3

The jet is leased into a legitimate charter business. This company takes care of staffing and maintenance

4

No third parties hire the jet, with Hamilton and his business having the sole charter agreements

How Lewis Hamilton’s jet scheme works

The jet is contracted for 80 hours by Hamilton personally, and 160 hours by his company BRV Ltd. VAT is payable on leisure flights. Based on contracts, one third of the £3.3m import bill may have been due

Hamilton should have also paid VAT on the cost of leasing, crewing and flying his jet on leisure flights made in Europe