Facebook paid £4,327 corporation tax despite £35m staff bonuses
by Heather Stewart from on (#Q4ZB)
Social networking firm paid average of 210,000 to its staff in Britain, but overall loss in UK of 28.5m meant very little corporation tax was due
Staff at Facebook's UK arm took home an average of more than 210,000 last year in pay and bonuses, while their employer paid just 4,327 in corporation tax.
Facebook made an accounting loss of 28.5m in Britain in 2014, after paying out more than 35m to its 362 staff in a share bonus scheme, according to the unit's latest published accounts. Operating at a loss meant that Facebook was able to pay less than 5,000 in corporation tax to HM Revenue for the year.
Related: What is the 'Google tax'?
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