STARBUCKS paid no tax over the 12 months to the end of September last year and reported its 15th straight annual loss at its UK stores, accounts have revealed.
Documents show a UK loss of £30 million over the period, down £2m on the year before, with the company citing challenging economic conditions and a competitive UK coffee market.
The reported losses come despite the company telling investors business in Britain was profitable with promotions made within the group.
While turnover rose slightly to £413m, accounts show its gross profit of £70.5m was undermined by a royalty payment for the use of the Starbucks brand of £26m.
Following widespread criticism after details of its tax approach emerged, Starbucks said it would pay or advance around £10m a year in taxes in 2013 and 2014.
The coffee chain recently paid £5m to the UK for the first instalment of its 2013 tax bill.
It intends to pay another £5m before the end of September and another £10m in the 2013-14 tax year.
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