Growth Business: How can I reduce my company tax bill?

Date: August 6, 2018

Amazon has cut its company tax bill in the UK this year, instigating anger amongst business owners.

It was able to defer tax payments by paying staff in share-based payments – worth an average of £1,000 each per year.

This is despite a pre-tax profits jump of £72.3 million from £24.3 million.

‘Corporation tax is based on profits, not revenues, and our profits have remained low given retail is a highly competitive, low-margin business and our continued heavy investment,’ an Amazon spokesperson told The Guardian.


Read more here.

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