Amazon pays £781m in direct taxes as revenues soar to report £24bn | UK | Information

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On-line large Amazon has revealed it paid £781m in direct taxes final yr, a leap of greater than £130m from the earlier yr, because it continued its speedy UK growth.

The worldwide market and expertise agency stated it invested extra and generated greater revenues throughout 2022.

With a workforce of 75,000 within the UK and greater than 100 warehouses and workplaces, Amazon benefited from a surge in demand for on-line deliveries through the pandemic, ramping up its operations and occurring 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.

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The invoice rose to £781m from £648m in 2021.

Together with oblique taxes like VAT, Amazon stated it paid greater than £3.6bn in whole contributions final yr, an enormous leap from the £2.7bn paid the earlier yr.

It ranks within the high 15 largest UK taxpayers for general whole tax contribution, in line with knowledge from PwC.

It got here as Amazon noticed its revenues surge to a brand new report excessive of £24bn, a rise of £1bn year-on-year.

The enterprise has invested extra in infrastructure because it continued its progress throughout the UK.

Greater than £1.6bn was spent on investments together with becoming warehouses with the most recent robotics expertise and opening a brand new growth centre in Swansea.

The tech large stated it was “pleased with the numerous financial contribution we’re making to the UK economic system”.

The announcement comes after Amazon revealed that it’s going to let mother and father and grandparents who work in its UK warehouses work solely throughout time period time.

The strikes comes amid a battle over pay and circumstances with the GMB union, which is combating the agency for recognition.

Amazon stated the brand new contracts would assure those that look after school-age youngsters, together with guardians, break day throughout college holidays, together with six weeks in the summertime, plus two weeks at Easter and Christmas.

Amazon stated it had trialled the contracts at three websites after employee suggestions and these had been being phased in throughout all of its fulfilment centres, the place workers retailer, choose and pack merchandise.

They are going to be rolled out to sorting centres and supply hubs throughout the UK this yr.

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