Sep 9, 2020
Amazon pays £290m in UK tax as sales surge to £14bn
Online retail giant Amazon paid £293m in tax in the UK last year, while its sales surged 26% to £13.73bn. The firm, which employs 33,000 people in the UK, said the taxes included business rates, corporation tax, stamp duty and other contributions. Amazon and other tech firms have faced scrutiny over how much tax they pay in the UK, prompting the government launch a tougher digital sales tax in April. Amazon said it pays "All taxes required in the UK". "We are investing heavily in creating jobs and infrastructure across the UK - more than £23bn since 2010," the company said in a statement. In April, the UK launched a 2% tax on digital sales amid concerns that big tech firms we re-routing their profits through low tax jurisdictions. Amazon has been expanding in the UK this year, as more people shop online due to lockdown restrictions.
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