Amazon could avoid UK tax for two more years thanks to Rishi Sunak’s tax break

Amazon could avoid UK tax for two more years thanks to Rishi Sunak’s tax break

Firm increased business expenses in 2021 after former chancellor introduced 130% ‘super-deduction’ relief scheme

Amazon could be off the hook for tax in the UK for at least two more years after benefiting from reliefs brought in by Rishi Sunak during the pandemic, a report suggests.

The research from the Fair Tax Foundation indicates that the US tech company claimed more than £800m in capital allowances – business expenses that can be offset against profits – in 2021, £500m more than in 2020.

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