Ecommerce giant Amazon paid a total of £781m in direct UK taxes last year as it continued to scale the business across the country.
That was a jump of £130m in taxes as Amazon’s UK workforce stood at 75,000, with more than 100 warehouses and offices and rising revenues.
Amazon saw a rise in business as ecommerce reached new heights during the pandemic and demand for online deliveries increased, resulting in a jump in revenues to a new record of £24bn – up £1bn year on year.
The etail giant paid more than £3.6bn in total contributions last year, including indirect taxes such as VAT – £2.7bn higher than the previous year.
However, Amazon’s main UK division paid no corporation taxes for the second year in a row as it received tax credit of £7.7m for investment in infrastructure under prime minister Rishi Sunak’s super-deduction scheme, The Guardian reported.
Under the super-deduction scheme, companies were allowed to offset 130% of their investment in plant and machinery against profits for two years from April 2021.
Amazon benefited from tax credit on £1.6bn of its investments in infrastructure, such as robotic equipment at its warehouses in 2021.
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