Mon. Aug 26th, 2019

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Facebook's UK tax bill triples to £15.7m

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103761547 facebook1 - Facebook's UK tax bill triples to £15.7m

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Facebook paid £15.7m in tax in the UK last year, which is triple the amount it paid in the previous year.

In 2016, Facebook’s tax bill rose to £5.1m, following a major overhaul of the social media firm’s tax structure.

However, the company’s profits only climbed by £4m year-on-year from £58.4m to £62.7m in 2017.

The company’s UK office provides marketing services and sales and engineering support to the company.

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