Dominic Chappell denies £500,000 tax fraud

497
Dominic Chappell tax fraud BHS
Dominic Chappell will now go on trial in front of a High Court judge on October 5 next year (Image: PA)
// Dominic Chappell denies cheating the taxman in court
// The ex-racing driver bought BHS in 2015 for £1 from Sir Philip Green a year before it collapsed

Dominic Chappell has denied avoiding paying half a billion pounds in tax.

The former and last owner of collapsed department store chain BHS appeared at Southwark Crown Court on Friday.

Chappell, who bought BHS in 2015 for £1 from retail tycoon Sir Philip Green a year before it collapsed, pleaded not guilty at the court hearing.


READ MORE: Former BHS owner Dominic Chappell in court over tax evasion accusations


He denied three tax evasion charges alleging he failed to register Swiss Rock, his bankrupt finance company, for taxes from the correct date, gave false information to the taxman, did not declare profits and failed to submit VAT returns.

The offences are said to have taken place between January 2014 and September 2016.

Chappell first appeared in court in June.

He was running BHS when it went collapsed in 2016, leading to 11,000 job losses.

It had a £571 million deficit in its pension fund at the time.

Southwark Crown Court heard that Chappell is also accused of failing to pay corporation tax and personal income tax from dividends he received from Swiss Rock.

Chappell will now go on trial in front of a High Court judge on October 5 next year.

Two additional charges of money laundering he originally faced have been dropped.

Click here to sign up to Retail Gazette’s free daily email newsletter