HMRC in line for £1bn windfall from Lehman Brothers collapse

UK supreme court rules administrators winding up bank must pay tax on assetsMore than a decade after the collapse of Lehman Brothers sparked the global financial crisis, the British taxman may be in line for a £1bn windfall from the catastrophe.The UK supreme court on Wednesday ruled that administrators overseeing the winding up of the investment bank must pay tax on more than £5bn in assets that have been left over from the collapse. Continue reading...