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Starbucks has no agreement with HMRC

by - Business Editor

Starbucks' UK boss tells me they haven't yet agreed how they'll make an extra tax payment. It could take the form of a "donation".

They haven't yet agreed with the tax man how they can actually pay tax on profits, if they don't make a profit.

Although he said repeatedly they're doing the "right thing" because customers felt "they should do more".

UK Uncut will continue campaign against Starbucks

The view of a Starbucks store in Nottingham
The view of a Starbucks store in Nottingham Credit: Lewis Stickley/PA Wire

The campaign organisation UK Uncut says that planned protests outside 40 Starbucks stores will take place this weekend, despite the organisation offering to pay £10 million pounds in corporation tax.

Spokeswoman Hannah Pearce said that offering to pay some tax "if and when it suits" did not stop the company being a tax avoider.

"Today's announcement is just a desperate attempt to deflect public pressure" she continued.

"There is no money yet, and hollow promises on press releases don't fund women's refuges or child benefits."

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Amazon: 'We pay all applicable taxes'

Amazon pays all applicable taxes in every jurisdiction that it operates within. Amazon EU serves tens of millions of customers and sellers throughout Europe from multiple consumer websites in a number of languages dispatching products to all 27 countries in the EU. We have a single European Headquarters in Luxembourg with hundreds of employees to manage this complex operation.

– Amazon Statement

Starbucks 'not yet agreed deal with HMRC'

by - Business Editor

Starbucks "propose to pay a significant amount of corporation tax" regardless of whether the company is profitable during these years.

The key change is they won't use royalty payments to other parts of the business to deduct tax.

Also key, Starbucks have not yet agreed this deal with HMRC.

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