Being a fantastic F1 driver, and world champion, has its advantages whilst being chased by taxmen driving Skoda's or Hyundai's. The fastest man in the world sitting in his snazzy sports car has such an advantage in reaching his private jet in time that the Inland Revenue just cannot catch him!
Once on board, it seems, everything is VAT free, and once he is up among the clouds and jetting into tax havens taxmen can only wave goodbye to their VAT. His speed is so fast that no taxman can stop the fab F1 driver putting in a false claim for false reclamation of VAT because his speedy companies are waiting with documents that make his claim legal!
Importing private jets into the UK is not illegal, but claiming the VAT back that he didn't pay in the country of purchase is. However, F1 drivers, other multi-millionaire sportsmen, rock stars, politicians, bankers, royalty, etc, have all been found out dumping their millions into paradises all over the planet to avoid paying all types of taxes!
A clever auditor, disguised as a Bermudan taxi driver, found a briefcase suitably placed on the back seat of his taxi, filled with PP's! He is now a multi-millionaire after releasing the PP's to the public, and shoves his well earned money into a local bank account too, tax free of course!
As for the fab F1 driver, claiming a pitiful 3.3 million quid for him is like you and me winning 20p on overpriced scratchcards on a cheap flight to Torremolinos, super! However, jetting in a private plane, VAT free, is much nicer than queuing up waiting to board a tight-fit Irish multi-millionaire's jet, not private, and for us, certainly not VAT free!
