FORMULA One boss Bernie Ecclestone has admitted to lifelong fraud and that he is actually six feet six inches tall.

The billionaire yesterday pleaded guilty to posing as 5ft 3ins tall for a number of years for tax reasons, before unfolding to his true height for the first time in decades.

A spokesman for Revenue and Customs said: “We met Mr Ecclestone in 2015, where he claimed that as a tiny little man whose head was level with his wife’s enhanced breasts he was not liable for capital gains tax.

“While conceding he was technically correct, our inspectors observed details which contradicted his story. For example replacement toilet rolls kept on a high shelf, unreachable by anyone below five foot nine.

“Likewise the Nutella was stored in a top cupboard, where the diminutive supremo would need to climb on a chair to reach it, and doorframes which showed the impacts of a head.

“Ecclestone admitted he was actually a large Adonis of a man and had feigned his shorter stature to evade tax. He has repaid £653m and now strides around attracting admiring glances wherever he goes.”

Ecclestone said: “Was it worth pretending to be miniature and wizened for 20 years? It wasn’t as shit as living in Monaco.”