Facebook paid £4.16 million ($5.16 million) in UK corporation tax last year, the company revealed on Sunday, a huge increase on the paltry £4,327 (around $5,367 at current exchange rates) it paid the year before. The company’s accounts show a turnover of £210 million, and a taxable profit of £20 million, on which it paid standard UK corporation tax rate.
While technically compliant with UK tax laws, Facebook’s previous payments drew criticism from campaigners and politicians, who complained that the billion-dollar company was shirking its moral responsibility to pay tax in countries that it did business in. The criticism prompted Facebook to overhaul its UK tax structure, changing its policy so it counted UK ad sales as taking place the UK, rather than in Ireland — a tax loophole that had allowed to to pay minimal levels of tax on billions of dollars in profits.
— source theverge.com