Former BHS owners Chappell arrested for ‘unpaid taxation bill’

BHS store signImage copyright
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Dominic Chappell, a sequence broke who bought BHS for £1, has been arrested in propinquity to an delinquent taxation check of about £500,000.

He was arrested on 2 Nov by HM Revenue and Customs.

HMRC did not endorse a temperament of a “49-year-old businessman”, though Mr Chappell told ITV News he had been arrested.

The taxation associated to a increase he done from a dialect store sequence before it collapsed.

Mr Chappell’s company, Swiss Rock, was paid during slightest £1.6m by BHS following his argumentative squeeze of BHS from Sir Philip Green.

The Guardian reported that Swiss Rock due £365,000 in VAT and £196,306 in house tax.

Speaking about Swiss Rock’s taxation check in September, Mr Chappell told a paper: “There was a lapse that was done in error; they [HMRC] have acted on it and we are rectifying that as we speak.”

HMRC began authorised movement opposite Mr Chappell to redeem a sums, though he has put Swiss Rock into liquidation, creation it some-more formidable for a taxation male to obtain a funds.

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Reuters

Image caption

Dominic Chappell bought BHS from Sir Philip Green for £1 final year

He took a sum of £2.6m out of BHS, including a £600,000 salary, that he described as a “drip in a ocean” to a BBC in August.

“Did we take a lot of income out? Yes we did. But did a business destroy since of a volume of income we took out? No it didn’t,” Mr Chappell said.

“This was usually a season in a sea compared to a income that was indispensable to spin around BHS.”

The loss-making sequence was bought by Mr Chappell final year. It went into administration in Apr and a final stores sealed in August, with a detriment of about 11,000 jobs and withdrawal a pensions necessity of hundreds of millions of pounds.

Last month MPs corroborated a call to frame Sir Philip of his chivalry for his purpose in a fall of BHS.

The Pensions Regulator has started authorised movement opposite Sir Philip, his family’s companies and Mr Chappell after unwell to strech a understanding over a BHS grant account deficit.

The BBC understands that a regulator wants £350m in calibrate from Sir Philip, though he was usually peaceful to offer £250m.

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