Facebook paid £4.1m in UK tax last year - 9JAOlofofo | Nigeia #1 gossip site.

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Sunday, 9 October 2016

Facebook paid £4.1m in UK tax last year

Facebook paid £4.16m in corporation tax in the UK last year, despite turnover more than doubling to £210m.
The social network posted taxable profit for the year to 31 December of about £20m, on which it paid tax at the standard corporation tax rate.
The figures follow an outcry last October when Facebook was found to have paid just £4,327 in UK corporation tax for 2014.
The firm has started booking revenue from large UK customers in Britain.
Facebook said in March it would no longer route advertising sales through Ireland for its largest advertisers.
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