Vodafone pays zero UK corporation tax

0 - The amount corporation tax Vodafone paid last year to HMRC, according to a new investigation.

Last Updated: 09 Oct 2013

Just as Vodafone was picking up the pieces after allegations of tax avoidance, the mobile phone giant is now facing a fresh wave of scrutiny after claims it paid no corporation tax in Britain last year.

Vodafone earns several hundred millions of pounds from its 19 million UK customers. But while its global corporation tax bill went up by £300m to £2.3bn, its UK bill fell from £140m in the year to March 2011 to zero this year, the Sunday Times reported.

Vodafone said its UK capital investment rose to £575m from £516m in the year, offsetting the tax bill.

The company has already faced criticism over a £1.2bn settlement with HMRC after a decade-long dispute. The company uses a network of offshore companies, mainly in Luxembourg, to erase its tax liability. Whilst Vodafone says it has acted within the law in the UK, the Occupy protestors are likely to have found their next target...

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Why collaborations fail

Collaboration needn’t be a dirty word.

How redundancies affect culture

There are ways of preventing 'survivor syndrome' derailing your recovery.

What they don't tell you about inclusive leadership

Briefing: Frances Frei was hired to fix Uber’s ‘bro culture’. Here’s her lesson for where...

Should you downsize the office?

Many businesses are preparing for a 'hybrid' workplace.

How to make your team more accountable

‘Do as I do’ works a lot better than ‘do as I say’.

Black talent isn’t hard to find: It’s just you

If you want to attract the widest range of applicants, you need to think about...