Chief executive of Lloyds Banking Group, Eric Daniels is under pressure to make clear his tax arrangements after it was found he earns an additional £25,000 for tax planning advice, according to City A.M.
Daniels has also been criticised for revealing that he is awarded substantial tax breaks after retaining his non- domiciled tax status as an American citizen.
The chief executive earns a salary of £1m a year with tax breaks that entitle him to avoid tax on foreign and overseas investments.
Tax | Legal updates: High Court confirms no special status for HMRC