Amazon received £1 million UK tax rebate despite profits rocketing 60%

clock • 2 min read
Amazon insists it did not receive a rebate, and the money came from its own - unused - tax fund
Image:

Amazon insists it did not receive a rebate, and the money came from its own - unused - tax fund

Amazon UK Services' revenue climbed to about £6.1 billion last year

Amazon UK Services Limited, the online retailer's core UK branch that includes the firm's network of warehouses, was awarded a tax credit of just over £1 million last year by HM Revenue and Customs...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
UK and Canada launch joint probe into 23andMe data breach

Hacking

Company has pledged to cooperate with regulators

clock 12 June 2024 • 2 min read
Microsoft to cut jobs in Azure and mixed reality, report

Corporate

Another round of layoffs at the Redmond giant

clock 04 June 2024 • 1 min read
US and Europe dismantle global botnets and arrest key players

Law

Operation Endgame was 'the largest ever operation against botnets'

clock 31 May 2024 • 3 min read

More on Finance

Raspberry Pi announces plans to go public on London Stock Exchange

Raspberry Pi announces plans to go public on London Stock Exchange

The news comes as a welcome relief for the LSE

clock 16 May 2024 • 2 min read
Cybersecurity Festival 2024: Four ways to cut your cyber insurance premiums

Cybersecurity Festival 2024: Four ways to cut your cyber insurance premiums

Certifications mean nothing without action

Tom Allen
clock 08 May 2024 • 4 min read
Built world climate tech stands out against VC slump

Built world climate tech stands out against VC slump

The UK is in a strong position for global investment

Penny Horwood
clock 06 December 2023 • 3 min read