Amazon has revealed it paid £1bn in direct taxes to the UK in 2024, as revenues continued to rise.
In the year to December 31, 2024, Amazon paid £5.8bn in both direct and indirect taxes, up from £4.3bn in 2023. It paid £1bn in direct taxes last year, up from £932m in 2023.
Amazon said the taxes it collected and administered for the government were more than an additional £4.7bn due to “the result of business activities in the UK”. In 2023, this figure was £3.4bn.
Total revenues in the UK exceeded £29bn, up from £27bn the year before.
In 2023, Amazon paid corporation tax for the first time since 2020, as it received the super-deduction tax break.
The retail giant is reported to have paid this tax in 2024, but it is not disclosed how much was paid.
Posting on LinkedIn, Amazon country manager for the UK and Ireland John Boumphrey said: “In total, we contributed over £5.8bn in total direct and indirect taxes last year. We also invested £1.6bn in our infrastructure, totalling more than £80bn of direct investment in our UK operations since 2010.
“As one of the UK’s top 10 private sector employers, our 75,000-strong workforce is the foundation of our success. That’s why, we have committed another £40bn of investment in the UK over the next three years, which will create thousands of new jobs, including 4,000 positions at our new Hull and Northampton fulfilment centres.”
No comments yet