Tech gi­ants pay ‘pif­fling’ in tax

MSP BLASTS FIRMS OVER HMRC BILLS

Daily Record - - NEWS - CHAR­LIE GALL c.gall@dai­lyrecord.co.uk

EBAY and Net­flix paid £1.9mil­lion in UK tax between them last year, it has emerged.

They have mil­lions of Bri­tish cus­tomers but the bil­lion-pound US firms’ HMRC tax bills have been branded “pif­fling”.

Scot­tish Labour MSP Neil Find­lay said: “If or­di­nary peo­ple have to pay their taxes then it’s an out­rage that global gi­ants get away with pay­ing a pif­fling amount while pub­lic ser­vices are cry­ing

out for in­vest­ment.” De­spite telling US au­thor­i­ties they reg­is­tered £1bil­lion of rev­enue in the UK in 2016, eBay’s UK busi­ness paid £1.6mil­lion tax on £7.6mil­lion profit and £200mil­lion rev­enue.

Fig­ures re­ported to the US tax­man ap­pear to in­clude com­mis­sion on UK eBay sales. But th­ese are not in­cluded in the rev­enue re­ported by their UK arm, which is said to come from pro­vid­ing ad­ver­tis­ing to their Swiss en­tity.

Net­flix’s lat­est fil­ings with Com­pa­nies House show their UK tax bill fell to £270,000 last year.

The stream­ing ser­vice, used by 6.5mil­lion Brits, chan­nel UK rev­enue through their Hol­land­based par­ent com­pany.

The UK Govern­ment have tried to crack down on global gi­ants di­vert­ing prof­its over­seas with the in­tro­duc­tion of the so-called “Google tax”.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.