Amazon’s main UK arm handed £7.6m tax credit as profits soar to £355m
Tech company received infrastructure relief as its five biggest UK divisions generate £32bn in revenuesAmazon’s main division in the UK was handed a £7.6m tax credit last year by HM Revenue and Customs, despite profits at the retail-to-streaming company surging by more than a quarter to £355m.Amazon UK Services – which employs 66,000 staff, the vast majority of the company’s 75,000 employees in Britain – said it owed £9.1m in “current tax” last year. Continue reading...
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