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Etsy paid just £128,000 in corporation tax in 2020 in the UK despite £160m in sales

US-based business would have been liable for almost £7m if it had booked all UK sales at Etsy UK, TaxWatch finds

The online marketplace Etsy paid just £128,000 in corporation tax in the UK in 2020 despite racking up sales of $195.8m (£160m) as it funnelled business through Ireland.

The Brooklyn-based business would have been liable for corporation tax of almost £7m if it had booked all sales made in the UK at its local entity, Etsy UK, according to research by the campaign group TaxWatch.

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