Amazon has received £1.3million back from the taxman – despite annual sales in the UK soaring past £7.3billion.
The internet giant has recently joined an elite group of companies worth more than $500billion (£385billion) but its tax bill in the UK has fallen despite vast growth.
Amazon has embarked on a huge expansion spree, promising to recruit thousands more staff and develop vast new warehouses in the country.
But accounts just filed with Companies House show that its UK Services arm, which used to be known as Amazon.co.uk, received a £1.3million tax credit for 2016. Full story...
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The internet giant has recently joined an elite group of companies worth more than $500billion (£385billion) but its tax bill in the UK has fallen despite vast growth.
Amazon has embarked on a huge expansion spree, promising to recruit thousands more staff and develop vast new warehouses in the country.
But accounts just filed with Companies House show that its UK Services arm, which used to be known as Amazon.co.uk, received a £1.3million tax credit for 2016. Full story...
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