🚀 Big news from Amazon UK! The online retail giant has reported a revenue jump, totalling over £29 billion, along with a hefty £1 billion tax bill for 2024. This marks an increase from the £932 million paid in 2023, and it’s due to direct taxes like corporation tax, business rates, and digital services tax. 🇬🇧💸
Amazon has been under the spotlight recently over its tax contributions, especially after paying zero corporation tax in 2021 and 2022, thanks to the “super-deduction” tax break. However, the company claims it’s now among the top 10 UK taxpayers and committed to its financial responsibilities. 📊
The tech giant isn’t just stopping at tax payments. It plans a £40 billion investment in the UK over the next three years and is on a hiring spree, aiming to add thousands of jobs. New warehouses in Hull and Northampton will create around 4,000 positions. 🏢👷♀️
Already employing over 75,000 people across the UK, Amazon is expanding its presence and continues to be a significant player in the job market. It’s also contributing more than £4.7 billion in collected taxes, like VAT and national insurance. 📈🛒
Amazon’s growth story in the UK is one to watch, from revenue spikes to job creation. What do you think about their impact on the UK economy? Let us know in the comments! 💬💼 #AmazonUK #TaxNews #JobCreation #EconomicGrowth