Chappell targeted by HMRC
Former BHS owner arrested over unpaid tax
Dominic Chappell, who bought BHS from Sir Philip Green for £1, has been arrested in connection with an unpaid £500,000 tax bill.
He was arrested on 2 November by HM Revenue and Customs, although HMRC did not confirm the identity of the “49-year-old businessman”.
However, he later told ITV News that he had been arrested.
The unpaid bill related to the profits he made from the department store chain just before it collapsed.
His company, Swiss Rock, is said to owe £365,000 in VAT and £196,306 in corporation tax.
In September, Mr Chappell told The Guardian: “There was a return that was made in error; they [HMRC] have acted upon it and we are rectifying that as we speak.”
HMRC began legal action against Mr Chappell to recover the sums, but he has put Swiss Rock into liquidation, making it more difficult for the tax man to obtain the funds.