By Luke Tugby2019-09-04T08:45:00
Amazon paid just £220m in taxes in the UK last year, despite raking in £10.9bn from its sprawling British business.
The etail titan revealed details of tax bill last night, for the first time in 21 years of trading on UK shores. It does not usually publish details of most of its UK profits or tax payments because retail sales go through a Luxembourg-based company, Amazon EU.
Employer’s national insurance, business rates, corporation tax and stamp duty made up the £220m total Amazon paid in 2018, though it did not break this down to reveal how much corporation tax was paid.
Amazon’s business rates bill stood at £63m in 2018 and the etailer insisted it paid more than that in national insurance. That implies it paid just £94m in other direct taxes, including corporation tax, across its UK business.
Please sign in now if you have a subscription
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.