Tax manager alleges avoidance at Lloyds bank
Lloyds defends tax management after employment tribunal allegations
Lloyds defends tax management after employment tribunal allegations
Lloyds bank has been accused of tax avoidance by a former employee during an
employment tribunal, the
Guardian
reports.
Andrew Constantine,54, the former head of tax compliance, is reported to have
alleged during the tribunal that schemes devised by staff removed a potential
£900m from the bank’s tax bill.
He also alleged the bank refused to listen to warnings from staff about the
schemes.
The Guardian reports that Lloyds said the allegations were
investigated but found to be without merit. A statement from the bank said it
complied with all tax law in the UK and overseas.
Constantine was made redundant in September last year in a move he claimed
was driven by his whistle blowing.
He has since become head of tax at FTSE100 insurance group Aviva.
Read more:
Taxman
spins bold plan for litigation strategy
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceAdvisers and finance chiefs will be instrumental in managing compliance with tax and transfer pricing reporting rules, OECD chiefs tell Accountancy Ag...
View articleThe OECD's BEPs project will put a big focus on multinational's tax affairs - Thomas McFarlane takes us through the impact of some of its recommendati...
View articleMoral courage needed in boardrooms to drive value, says Chartered Accountants Worldwide Read More...
View articleCEO Watkin Gittins and former Montpelier Tax Consultants director Martin Calcutt charged over alleged charity relief fraud Read More...
View articlePolitical pressure on big companies' tax avoidance tactics risk such indignation that others follow suit, warns Andy White Read More...
View articleVince Cable sees accountants moving in the right direction on facing up to tax avoidance issues Read More...
View articleThe OECD and UN contributed towards a week of high-level discussion on tax avoidance. Accountancy Age follows the developments Read More...
View articleChoudhury talks about ramping up the global accountancy representative's offering - while trying to make sure the profession isn't misunderstood Read ...
View article