Amazon pay £1 million corporation tax – despite turnover of more than £2.3 billion
Jack Peat - 6 September 2019
One of Amazon’s biggest operations in the UK paid just £1 million in corporation tax last year.
The company, which turned over more than £2.3 billion and made £75 million in profit, managed to escape a tax rate of 19 per cent thanks to staff share awards and deferred taxes.
Accounts published at Companies House show that despite turnover increasing this year the web giant managed to pay £700,000 less in tax than they did in 2017... See more