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Vodafone Profit £294 Million But Paid No Corporation Tax

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Vodafone pays no UK corporation tax for second year running despite earning £5 billion in sales

Vodafone paid no UK corporation tax for the second year in a row, it was revealed today in its annual report.

The company had sales of £5 billion in Britain in the year to March and made an operating profit of £294 million, according to its results. But the mobile giant tried to head off a row by insisting critics should look at its total contribution through other taxes.

Vodafone was able to slash its corporation tax bill to zero because it legally claimed allowances for investment in infrastructure such as mobile spectrum and interest payments.

Great headline by the Indy!

Although once more it appears Vodafone has paid it's tax upfront with the spectrum bid. Would we be better off taking a % of month line rentals for tax on the spectrum?

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imo building a mobile network infrastructure seems quite fair to get tax relief. I wouldnt want to build one. Starbucks on the other hand....

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imo building a mobile network infrastructure seems quite fair to get tax relief. I wouldnt want to build one. Starbucks on the other hand....

Agreed, surely that is legitimate offsetting of genuine business costs incurred in the UK.

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I suppose I could do my own research, but someone here might know...

Is 5bn the revenue for the entire Vodafone group, or just the UK part? £5bn revenue doesn't seem a great deal of money for such a large company.

Edit: Just read the article and got the answer :)

Edited by frozen_out

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Agreed, surely that is legitimate offsetting of genuine business costs incurred in the UK.

I have read the article and I cannot see where the story is.

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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