Netflix to start declaring £1bn-plus UK revenues to HMRC
Image source : theguardian.com
Exclusive: move likely to ramp up pressure on Google, Amazon and other tech giants over tax arrangements Netflix is to finally start declaring the £1bn-plus revenues it makes from millions of British subscribers each year to the UK tax authorities, a move likely to ramp up pressure on tech firmssuch as Google andAmazon to stop funnelling revenues throughoverseas tax jurisdictions. Netflix, which has funnelled UK-generated revenue through separate accounts at its European headquarters in the Netherlands since launching in Britain in 2012, is to notify its almost 13 million UK subscribers on Tuesday about the change, which starts from January. Continue reading...
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