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Shein Under Fire for £2bn Sales, £9.6m Tax Bill

9/6/2025

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Summary

Story summary

Shein faces accusations of shifting income to Singapore to lower UK tax liabilities.
Despite £2bn in sales, it paid only £9.6m in UK corporation tax, raising concerns.
Campaigners argue 84% of sales are classified as purchasing costs, reducing taxable income.
Shein denies wrongdoing, claiming compliance with international standards and UK laws.
Chancellor Rachel Reeves is reviewing tax rules due to rising Chinese goods in the UK.

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Story summary

Shein faces accusations of shifting income to Singapore to lower UK tax liabilities.
Despite £2bn in sales, it paid only £9.6m in UK corporation tax, raising concerns.
Campaigners argue 84% of sales are classified as purchasing costs, reducing taxable income.
Shein denies wrongdoing, claiming compliance with international standards and UK laws.
Chancellor Rachel Reeves is reviewing tax rules due to rising Chinese goods in the UK.