Facebook paid £4.16m in UK corporation tax last year, as it expanded its business in the UK.
It is a big increase on the £4,327 paid in 2014, which prompted an outcry from campaigners who argued it had paid too little.
However, critics may also be riled by the fact that the company will receive a tax credit of £11m, which can be used to offset tax bills at a later date.
The firm said it was "proud" to have grown its business in the UK.
The social network posted taxable profit for the year to 31 December of about £20m, on which it paid tax at the standard corporation tax rate. Turnover more than doubled to £210m.
The tax credit is the result of offsetting payments linked to its bonus scheme for staff. Full story...
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It is a big increase on the £4,327 paid in 2014, which prompted an outcry from campaigners who argued it had paid too little.
However, critics may also be riled by the fact that the company will receive a tax credit of £11m, which can be used to offset tax bills at a later date.
The firm said it was "proud" to have grown its business in the UK.
The social network posted taxable profit for the year to 31 December of about £20m, on which it paid tax at the standard corporation tax rate. Turnover more than doubled to £210m.
The tax credit is the result of offsetting payments linked to its bonus scheme for staff. Full story...
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- Facebook to pay NO tax for 2012 and will even get tax refund of $429m...
- Italy claims Google dodged $248 million in taxes...
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