Temu accused of paying ‘negligible’ tax in the UK despite ‘enormous sales’
Temu’s UK arm has been accused of not paying corporation tax in the UK for two years despite enjoying “enormous sales” in the region, Retail Week can reveal.
According to a September 16 filing on Companies House for Temu’s UK registered company Whaleco, the retailer reported revenues doubling to $63.2m (£46.6m) and profit before tax of $3.9m (£2.88m) in the year to December 31, 2024.
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