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Last updated

06.11.2020

BHS buyer Dominic Chappell given six years for tax evasion

Ex-bankrupt who bought chain store from Philip Green for £1 guilty of £600,000 evasion
Dominic Chappell has been sentenced to six years in jail for evading tax on the £2.2m income he received from his doomed takeover of BHS.
The 53-year-old spent hundreds of thousands of pounds on luxury items, including a yacht, a holiday to the Bahamas, a Bentley car and some Beretta guns, instead of paying £600,000 due in tax.

A former bankrupt and former racing driver with no retail experience, Chappell bought department store chain BHS from the billionaire Sir Philip Green for £1 in March 2015.

But just a year into his ownership, the chain collapsed with the loss of 11,000 jobs and a £571m pensions black hole.

Chappell, from Blandford Forum in Dorset, was convicted of dishonestly evading his liability to pay more than £500,000 in income tax, corporation tax and VAT between January 2014 and September 2016.

The Guardian - International edition - by Joanna Partidge Thu 5 Nov 2020 18.12 GMT