Lidl hits back with £25m UK tax bill
Wednesday 23 July 2014
The budget supermarket Lidl has hit back at claims that its structure is opaque by revealing it paid more than £25m to the UK taxman last year.
Lidl, together with its low-cost rival Aldi, has enjoyed a rapid expansion in Britain at the expense of the “Big Four” supermarkets.
Morrisons’ chief executive Dalton Philips is among those who have called for foreign-owned retailers to declare their tax bills amid fears they have an unfair advantage over their UK rivals. However, Germany’s Lidl said yesterday: “At Lidl we believe that every company has a social and economic responsibility to pay tax in correspondence with its earnings.”
Lidl added that it was “worth noting that the corporation tax rate in Britain, currently 21 per cent, is more attractive from a business investment perspective than the German tax rate… furthermore we do not engage in any tax-avoidance schemes, nor do we have any subsidiaries in low-tax countries.”
The company said it had not filed accounts with Companies House because it met UK filing obligations through its German parent group.
- 1 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 2 What happens to your body when you give up sugar?
- 3 Turkish Airlines flight TK 726 crash-lands on Nepal runway in dense fog
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 The 'sex selfie stick' lets you FaceTime the inside of a vagina
Turkish Airlines flight TK 726 crash-lands on Nepal runway in dense fog
George Clooney and Amal fail to get special treatment at New York restaurant
Cindy Crawford 'un-PhotoShopped' viral Marie Claire image was doctored, photographer claims
'A girl is more responsible for rape than a boy': The statement that shocked the world... except India
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...