Dominic Chappell jailed for tax evasion after BHS purchase

A jury at Southwark Crown Court yesterday (5 November) declared Chappell guilty of tax evasion after he was found to have missed around £584,000 of tax due from the £2.2m of income he received after his £1 purchase of BHS. Instead of paying the VAT and Corporation Tax payments for his personal services company, Swiss Rock Limited, or disclose dividend income, Chappell had spent the money on two yachts, a Bentley, and a holiday to the Bahamas. Swiss Rock was used to provide consultancy services which facilitated the purchase of BHS by Retail Acquisitions Limited, where Chappell was a d...