Article 4SAKC Facebook paid just £28m tax after record £1.6bn revenues in UK

Facebook paid just £28m tax after record £1.6bn revenues in UK

by
Mark Sweney
from Technology | The Guardian on (#4SAKC)

Profits on social media app surged by more than 50% to 97m in latest tax year

Facebook's UK operations paid 28m in corporation tax last year despite achieving a record 1.6bn in British sales.

The social media company's latest UK accounts show that gross income from advertisers rose almost 30% last year to 1.65bn, and pretax profits surged by more than 50% from 63m to 97m.

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