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Amazon pays £781m in UK taxes as it continues to scale up

Amazon UK

Amazon paid a total of £781 million in direct UK taxes last year as it continues to expand the company across the UK, a jump of over £130 million compared to last year.

The ecommerce giant claimed it invested more and generated higher revenues last year, having over 75,000 employees in the UK and more than 100 warehouses and offices.

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Amazon saw an increase in business, reporting a new record in revenues of £24 billion, up £1 billion year-on-year, thanks to the soaring demand for online deliveries due to the Covid-19 pandemic.

According to Amazon, it paid over £3.6 billion in total contributions last year, including indirect taxes, a jump from £2.7 billion the year prior.

However, the company has also invested more in its infrastructure, including over £1.6 billion being spent on investments, including warehouses with the latest robotics technology.

This comes as Amazon CEO Andy Jassy recently revealed the ecommerce giant is investing heavily in generative AI, claiming the technology will be a “big deal” for the business going forward.

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