Reply to post:

Now on Amazon Prime: The Amazing Shrinking UK Tax Burden

lglethal Silver badge
Go

<i<Of course, there is more to the story: Amazon UK noted the tax bill for 2018 was actually a hair under £14m, but was able to drop £13m of that into a bucket marked "deferred tax". It did the same trick last year, tossing £3m into the same bucket.

...Not that it seemingly matters, but Amazon also noted that the UK rate of corporation tax will be dropping from 19 per cent to 17 per cent for the year beginning 1 April 2020, and that "any deferred tax assets and liabilities existing at 31 December 2018 reflect this rate change".

</i>

I'm aware of Depreciation and the like, but being able to defer 13 out of 14 million tax, as well as 3 million last year seems excessive for a retailer.

The additional statement that they are taking into account a reduced tax rate as part of this is what inspired my comment.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019