Businessman 'Evaded Taxes' On Income From £1 BHS Deal

Law360, London (October 8, 2020, 10:21 PM BST) -- Dominic Chappell, the businessman who bought BHS for £1 ($1.30) in 2015, cheated HM Revenue & Customs out of taxes due on the £2.2 million he earned from the acquisition in the year before the department store chain's collapse, prosecutors said Thursday on the start of his London trial.

Chappell, 52, who appeared at Southwark Crown Court wearing a dark suit and white shirt, faces three counts of defrauding the public revenue out of value added tax, corporation tax and income tax owed on consultancy fees paid to him and his company Swiss Rock Ltd. in connection to his ownership of...

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