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Amazon paid £1.3 billion in UK taxes last year – an increase of 20%
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleAmazon paid £1.3billion in UK taxes last year (AFP/Getty)Amazon announced it paid over £1.3 billion in UK taxes last year, representing a significant increase of at least 20 per cent from the preceding year's £1 billion. This uplift in tax contributions is primarily due to a national insurance rate hike implemented last April, alongside increased payments in corporation tax and business rates. The direct taxes Amazon is liable for encompass corporation tax, business rates, employer national insurance, and the digital services tax. Notably, the company did not pay any corporation tax in 2021 and 2022, having benefited from the “super-deduction” tax break. Amazon, one of the UK's largest employers with 75,000 staff, generated over £30 billion in UK revenues last year and plans to invest £40 billion in the country between 2025 and 2027. In fullAmazon UK tax bill soars to over £1.3 billion amid rising costsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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independent.co.uk
Amazon’s annual UK tax bill rises to top £1.3 billion
The online marketplace is one of the UK’s biggest employers with about 75,000 staff.
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Amazon UK tax bill soars to over £1.3 billion amid rising costs
The company did not pay any corporation tax in 2021 and 2022 because of the ‘super-deduction’ tax break
