Revealed: How much profit Amazon makes in the UK Retail Amazon’s UK profit has been revealed – with the total estimated to be well above the £500m mark. Unusually, Jeff Bezos’ empire doesn’t file a single set of group accounts for its UK activities, instead choosing to report each company’s results separately with no parent entity in this country. The picture is also further complicated [...]
Apple: UK tax bill surges as profit passes £1bn Tech The amount Apple paid into the Treasury’s coffers surged to more than £300m for its latest financial year as its profit jumped to over £1bn. The US giant paid £303.7m in UK corporation tax in the 12 months to 28 September, 2024, according to new accounts filed with Companies House. The figure is up significantly [...]
Digital nomads costing UK economy £3bn a year Economics The UK is missing out on over £3bn of consumer spending and £320m of lost VAT a year because of the rising popularity of ‘digital nomad’ schemes among British citizens. According to a fresh study from Public First, the modish regimes – which promise professionals long-term work visas without having to become fully-fledged tax residents [...]