Inc. () appear on Thursday that its UK association tax bill about bisected to £4.5mln aftermost year, bottomward from £7.4mln in 2016 admitting a near-trebling of profits.
The adumbration came aloof canicule afterwards the US online retail behemothic acquaint a almanac accumulation of US$2.5bn in its latest anniversary results.
In its anniversary banking filing to Companies House, Amazon said aftermost year it paid alone £1.7mln in tax on its profits, accepting accustomed a acclaim of £1.3mln from the UK authorities in 2016.
Amazon’s UK operating accumulation in 2017 added to £79mln, up from about £26mln in the antecedent year.
Amazon Services UK – the analysis that runs the warehouses that process, amalgamation and column deliveries to UK barter – appear about-face as a allegation to its US-based ancestor company, allegedly for the amount of carrying products, of £1.98bn in 2017.
The BBC News website appear that one acumen for the lower tax bill was a acceleration in share-based payments for staff.
Amazon Services UK paid out £54.8mln in allotment awards, compared with £36.7m in 2016, the BBC said. It employs added than two-thirds of the 27,000-
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