Facebook UK pays just £5.1m in corporation tax despite jump in profit
by Press Association from Technology | The Guardian on (#342GF)
Social network's British revenues nearly quadruple on the back of climbing advertising sales
Facebook's UK operations paid just 5.1m in corporation tax last year, despite a jump in profit and revenues nearly quadrupling on the back of increasing advertising sales.
The social media company said revenues in the UK rose from 210.8m to 842.4m for the year to 31 December, helping pre-tax profits increase from 52.5m to 58.4m for the period, according to accounts filed at Companies House.
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