News

A former senior manager at Lloyds Banking Group has lost a £1m claim for unfair dismissal as a result of his whistleblowing over what he alleged was the bank's artificial management of the tax it paid to the UK Government. 
 

Andrew Constantine, the former head of UK tax compliance at Lloyds TSB, lost his claim for whistleblowing, unfair dismissal and age discrimination, after a London employment tribunal found against him on every point.

 

In his testimony Mr Constantine made a series of allegations against Lloyds over the way it had managed its tax affairs, accusing senior managers at the bank of supporting a regime in which employees were encouraged to find ways of helping the company maximise the amount of UK tax it avoided.

 

Source: The Telegraph