Responsible Investment News

Facebook to Pay Millions of Pounds More in U.K. Tax

Changes will be put in place in April, with the higher tax bill to be paid next year. Smaller business sales, where advertising is booked online with no staff intervention, will still be routed through the company’s Ireland offices, which will remain the firm’s international headquarters.

This week Facebook informed its larger U.K. customers that from April they will receive invoices from Facebook U.K. and not Facebook Ireland, a spokesman for the company told Bloomberg in an e-mailed statement. It means U.K. sales made directly by the firm’s U.K. team will be booked in the U.K., not Ireland. Facebook U.K. will then record the revenue from these sales.

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