The UK arm of e-commerce giant Amazon paid a total of £492 million in taxes last year, as sales jumped by 50 per cent to £20.6 billion.
In 2019, total revenues of Amazon’s activities in the UK reached just £13.7 billion.
The company, which like other tech firms pays tax on profits rather than sales, reaped the benefits of the shift to online shopping during the pandemic.
A report from The Guardian emphasised that Amazon UK Services, the company’s logistics and warehouse business, paid only £3.8 million extra corporation tax last year despite sales increasing by nearly £1.9 billion.
Total revenue for the logistics arm was £4.85 billion, up from £2.96 billion in 2019, while pre-tax profit jumped from £102 million to £128 million.
But Amazon said that it was “proud” of its economic contribution to the UK.
"Looking ahead, we know that the UK remains full of opportunity and we continue to be excited by the potential to continue to invest, create jobs, develop talent and have a positive impact in communities across the country," it said in a statement.
Amazon’s activities in the UK are on the rise, with a further 10,000 permenant roles announced in 2021, taking the total workforce to over 55,000.
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Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
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New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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