On Air Alex in The Afternoon Alex Brindley | 3:00pm - 5:30pm

£790m in VAT refunds on imported aircraft

Figures revealed as allegations swirl

Those importing aircraft into the EU via the Island have been handed back almost £800 million pounds in VAT by Treasury over the last six years.

Figures revealed through a Freedom of Information request show all of the 231 refund claims on value added tax made since 2011 were paid back in full.

The exact total for the period reaches £790.1 million pounds.

In 2014/15 £224 million was refunded after 61 requests, more than any other year.

Allegations have been made of abusive tax avoidance taking place on the Island through the practice of importing business jets.

The International Consortium of Investigative Journalist claims it has evidence of wrongdoing, whilst political heavyweights in the UK have debate the matter in Parliament.

If you'd like to view the full table of refunds on aircraft VAT, head to:    https://www.gov.im/media/1359090/aircraft-vat.pdf