Internet giant Amazon saw a 50 per cent fall in the amount of UK corporation tax it paid last year - despite a 54 per cent increase in turnover.
Accounts filed by Amazon UK Services show the company was billed £15.8m in 2015 compared with £7.4m in 2016.
In the same period, turnover at Amazon UK Services increased from £946m to £1.46bn while profit before tax fell from £48.5m to £24.2m.
The company's tax bill has been described by one MP as “peanuts”.
Conservative Charlie Elphicke told The Sun: “People will say it's high time Amazon paid their fair share.”
The company has said it meets all tax obligations in the UK and every other country in which it operates.
PA
