Dominic Chappell takes £10m BHS bill to court

Bought failing retailer for £1

James Phillips
clock • 1 min read

Former BHS owner Dominic Chappell will contest the £9.5m bill demanded by The Pensions Regulator (TPR), the watchdog has confirmed.

Chappell, who bought the failing retail store in 2015 for just £1, will ask the Upper Tribunal to strike out the two contribution notices handed out by the watchdog's determinations panel in January. The date for the hearing is yet to be set, but it will string out TPR's engagement yet even further, more than two and a half years since BHS collapsed in 2016. A spokesperson for TPR said: "Our anti-avoidance action against Dominic Chappell continues. On 15 January 2018, TPR's Determinations Panel determined that two contribution notices (in the total sum of circa £9.5m) be issued agains...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Pensions

Pension reflections: Retirement's biggest moments of 2025

Pension reflections: Retirement's biggest moments of 2025

What can we expect to see for pensions next year?

Jenna Brown
clock 18 December 2025 • 15 min read
Women, wealth, and worry: How to close the retirement gender gap

Women, wealth, and worry: How to close the retirement gender gap

Julia Peake explores the retirement gender gap and suggests how it can be closed...

Julia Peake
clock 16 December 2025 • 4 min read
Senior pension figures question HMRC's 7.7 million salary sacrifice uptake figure

Senior pension figures question HMRC's 7.7 million salary sacrifice uptake figure

‘It doesn't take much of an error in those figures to have no benefit whatsoever’

Jenna Brown
clock 15 December 2025 • 8 min read