Amazon pays £781m in UK taxes as workforce and income swells
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nline big Amazon has revealed it paid £781 million in direct taxes final yr, a bounce of greater than £130 million from the prior yr, because it continued its speedy enlargement throughout the nation.
The international market and expertise agency mentioned it invested extra and generated larger revenues over 2022.
With a workforce of 75,000 within the UK and greater than 100 warehouses and places of work, Amazon’s tax invoice has amounted to billions through the years.
It benefited from a surge in demand for on-line deliveries through the pandemic, ramping up its operations and happening a recruitment drive to deal with extra buyer orders.
The direct taxes the agency should pay consists of 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 whole contributions final yr, an enormous bounce from the £2.7 billion paid the prior yr.
It ranks within the prime 15 largest UK taxpayers for general whole tax contribution, in keeping with knowledge 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 because it continued its development throughout the UK.
More than £1.6 billion was spent on investments together with becoming warehouses with the most recent robotics expertise, and opening a brand new growth centre in Swansea in Wales.
The tech big mentioned it was “proud of the significant economic contribution we are making to the UK economy”.