Social network’s British revenues nearly quadruple on the back of climbing advertising sales

Facebook’s UK operations paid just £5.1m in corporation tax last year, despite a jump in profit and revenues nearly quadrupling on the back of climbing advertising sales.

The social media giant said revenues in the UK jumped from £210.8m to £842.4m for the year to 31 December, helping pre-tax profits rise from £52.5m to £58.4m for the period, according to accounts filed at Companies House.

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