15. Mar, 2018

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'Caffè Nero has not paid a penny in UK corporation tax for a decade despite selling around £2billion of lattes and flat whites.

The company that controls the chain’s 637 shops in the UK and Ireland, Italian Coffee Holdings, has just reported sales of £288million for the 12 months to May 31, 2017 – but paid zero corporation tax for the year.

Italian Coffee Holdings, which has its headquarters in London’s Covent Garden, made a profit of just under £26million. But it paid no UK corporation tax because its parent company made a £25.5million loss.'

Caffè Nero has not paid a penny in UK corporation tax for a decade despite selling around £2billion of lattes and flat whites.
thisismoney.co.uk