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...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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