Amazon pays £781 million in UK taxes as workforce and revenue swells - Indoors Beauty

Amazon pays £781 million in UK taxes as workforce and revenue swells

Amazon pays £781 million in UK taxes as workforce and revenue swells

Amazon has revealed it paid £781 million in direct taxes final yr, a bounce of greater than £130 million from the prior yr, as it continued its fast enlargement throughout the nation.

The firm agency mentioned it invested extra and generated increased revenues over 2022.

With a workforce of 75,000 in the UK and greater than 100 warehouses and workplaces, Amazon’s tax invoice has amounted to billions through the years.

It benefited from a surge in demand for on-line deliveries throughout the pandemic, ramping up its operations and happening a recruitment drive to deal with extra buyer orders.

The direct taxes the corporate should pay contains enterprise charges, company tax and employer nationwide insurance coverage. The invoice rose to £781 million from £648 million in 2021.

Including oblique taxes like VAT, Amazon mentioned it paid greater than £3.6 billion in complete contributions final yr, an enormous bounce from the £2.7 billion paid the prior yr.

It ranks in the highest 15 largest UK taxpayers for total complete tax contribution, in line with information from PwC.

It got here as Amazon noticed its revenues surge to a brand new report excessive of £24 billion, a rise of £1 billion year-on-year.

The enterprise has invested extra in infrastructure as it continued its progress throughout the UK.

More than £1.6 billion was spent on investments together with becoming warehouses with the newest robotics know-how, and opening a brand new improvement centre in Swansea in Wales.

The firm mentioned it was “happy with the numerous financial contribution we’re making to the UK financial system”.

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