Etsy only paid £128,000 in tax despite pocketing £160m in sales

Etsy app
Etsy has been accused of not paying enough tax in the UK after only paying out £128,000 despite pulling in £160 million in sales.
// Etsy has been accused of not paying enough tax in the UK after only paying out £128,000 despite pulling in £160 million in sales.

Had the handmade goods platform booked all of its sales in the made in the UK at its local entity Etsy UK, it would have been liable to pay some £7 million in corporation tax, according to TaxWatch.


READ THE FULL STORY HERE

Click here to sign up to Retail Gazette‘s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here