Shein UK accused of moving ‘vast bulk of income’ to

Shein's UK tax practices under scrutiny as Chancellor Rachel Reeves targets import loophole - InternetRetailing

Shein has been accused of unfair tax practices in the UK after it emerged that the fast fashion giant generated more than £2 billion in UK sales last year, but paid just £9.6 million in corporation tax. Campaigners have pointed out that approximately 84%, or £1.72 billion, of Shein’s sales revenue is categorised as a “purchasing” cost, significantly reducing its taxable income in the UK. This portion of its income is transferred to its parent co…

Shein UK accused of moving ‘vast bulk of income’ to

Shein UK accused of moving ‘vast bulk of income’ to Singapore to cut British tax

Shein accused of shifting UK income to Singapore to cut tax bill - Retail Gazette

Shein is facing fresh scrutiny over its UK tax affairs after campaigners alleged the fast-fashion giant shifted the “vast bulk of income” to Singapore in order to minimise its British tax payments. Accounts filed at Companies House show Shein Distribution UK generated sales of £2bn in 2024 but paid just £9.6m in corporation tax. The bill reflects 25% of its £38.2m pre-tax profits — in line with the UK corporation tax rate — but critics argue the…