Ex-Retail Chief Charged With Tax Evasion, Money Laundering
Law360, London (May 13, 2019, 8:19 PM BST) -- The former owner of collapsed retail chain BHS Ltd. has been charged with tax evasion and money laundering connected to allegations he purchased two yachts using profits from a separate business he skipped paying taxes on, the Crown Prosecution Service confirmed Monday.
Dominic Chappell was charged Friday with cheating the British government out of more than £773,000 ($1 million) in taxes from his company Swiss Rock Ltd., according to a CPS spokesman.
That includes £361,005 from a value-added tax, imposed on goods and services, due to HM Revenue & Customs through Swiss Rock over a 17-month period; £357,291 owed in corporation...
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