Facebook UK pays £29m corporation tax despite record £3.3bn sales

Advertising revenue surged last year at social media firm where average staff pay rose to 262,000

Facebook's UK operations paid 29m in corporation tax last year despite reporting a record 3.3bn in sales, while its average staff pay rose to 262,000.

The social media company's latest accounts for its London-based arm showed gross income from advertisers surged by more than 37% last year from 2.4bn to 3.3bn.