Cadbury’s 0% corporation tax on its £100m profits

CADBURY’S UK arm paid no corporation tax on profits of more than £100million, its latest accounts reveal.

It was last night accused of ‘free-riding’ after the figures showed the tax position of Cadbury Ltd, which is owned by the US food giant Mondelez.

Cadbury Ltd posted profits of £103million in 2016 – but for the sixth year in a row paid no corporation tax.

Another firm, Mondelez UK Ltd – which Mondelez describes as ‘a legal entity’, paid £122,000 in tax on sales of £1.65billion and profits of £22million.

Cadbury Ltd paid out a £255million dividend in 2016 to Kraft, which owns Mondelez.

Mondelez said it paid all taxes owed and was a ‘significant contributor to the UK economy’.

But John Christensen, of the Tax Justice Network, said: ‘British citizens are not getting the tax on Cadbury’s profits we should be receiving. It’s freeriding on the British public.’

Cadbury Ltd made £4.33billion profit from 2010 to 2016 but paid no tax. But before it was taken over by Kraft, Cadbury Plc paid £133million in tax on £778million in profits in 2008 and 2009.