View more on these topics

Dominic Chappell arrested in BHS tax investigation

BHS

Former BHS owner Dominic Chappell has been arrested as part of a tax investigation following the collapse of the department store earlier this year.

The Guardian reports Chappell’s personal company, Swiss Rock, owes more than £500,000 in tax, including £365,000 in VAT and £196,306 in corporation tax. Swiss Rock was paid at least £1.6m by BHS as part of Chappell’s acquisition of BHS.

HMRC is said to have arrested Chappell in a dawn raid at his home near Blandford Forum in Dorset on 2 November, though he has since been released.

In a statement HMRC said: “We do not comment on identifiable cases, but can confirm we have arrested a 49-year-old businessman.” Chappell later confirmed his arrest to ITV News.

Earlier this month The Pensions Regulator began enforcement action to secure redress for 20,000 members of the BHS pension schemes.

Recommended

2

Pensions regulator launches enforcement action over BHS

The Pensions Regulator has begun enforcement action to secure redress for 20,000 members of the BHS pension schemes. It says it has issued warning notices to former BHS owner Sir Philip Green, Dominic Chappell and Retail Acquisitions, which bought the now collapsed department store from Green. Related companies Taveta Investments and Taveta Investments (no.2) have […]

13

Shockwaves: BHS scandal set to fuel next wave of DB transfers

Advisers are braced for another wave of defined benefit pension transfers as the collapse of high street retailer BHS sends shockwaves through a public worried about the frailty of the pension system. Labour MP and chair of the Work and Pensions committee Frank Field says previous owner Sir Philip Green holds the “final responsibility for […]

7

MPs say Philip Green has ‘moral duty’ to save BHS pensions

Former BHS owner Sir Philip Green has a “moral duty” to repair the firm’s £571m pensions deficit, according to a damning Government report on the retailer’s collapse. A joint report from the Work and Pensions and Business, Innovation and Skills Committees says Green must to act now to help the BHS pensioners. It adds this […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com