Anger over the amount of tax paid by Google in the UK could escalate after documents showed the web giant contributed just £6m to the exchequer in 2011 on UK revenues of £3.95bn.
The search giant reported a loss after tax of £24.1m, according to documents filed at Companies House, after it booked a £51.4m charge for share awards to its employees.
The disclosure threatens to once again raise scrutiny of Google's tax practices. The company faced criticism last year when it emerged the UK business had paid £935,000 of tax on revenues of £2.39bn.
In the six years to the end of 2010, Google paid just £8m of corporation tax in the UK, but in the 2011 calendar year, that rose to £6.09m. Full story...
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The search giant reported a loss after tax of £24.1m, according to documents filed at Companies House, after it booked a £51.4m charge for share awards to its employees.
The disclosure threatens to once again raise scrutiny of Google's tax practices. The company faced criticism last year when it emerged the UK business had paid £935,000 of tax on revenues of £2.39bn.
In the six years to the end of 2010, Google paid just £8m of corporation tax in the UK, but in the 2011 calendar year, that rose to £6.09m. Full story...
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