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Follow us on FacebookUK government gave Amazon a tax break last year
@ 2022/07/22Even while its revenue climbed to £6.1 billion.
While most British businesses pay huge amounts of tax it seems that Amazon not only lives tax free but gets a rebate from the UK government.
Amazon UK Services Limited, the online retailer's core UK branch that includes the firm's network of warehouses, was awarded a tax credit of just over £1 million last year by HM Revenue and Customs - even though the company's profits rose almost 60 per cent.
The tax break was a part of €1 billion in tax credits that European nations gave to Amazon EU Sarl, the US company's Luxembourg-based division. This was a significant rise from the €56 million in tax advantages Amazon's European branch received a year earlier.
While most British businesses pay huge amounts of tax it seems that Amazon not only lives tax free but gets a rebate from the UK government.
Amazon UK Services Limited, the online retailer's core UK branch that includes the firm's network of warehouses, was awarded a tax credit of just over £1 million last year by HM Revenue and Customs - even though the company's profits rose almost 60 per cent.
The tax break was a part of €1 billion in tax credits that European nations gave to Amazon EU Sarl, the US company's Luxembourg-based division. This was a significant rise from the €56 million in tax advantages Amazon's European branch received a year earlier.
