Profits on social media app surged by more than 50% to £797m in latest tax year

Facebook’s UK operations paid £28m in tax last year despite attracting a record £1.6bn in British sales.

The social media company’s latest UK accounts show that gross income from advertisers rose almost 30% last year to £1.65bn, and pretax profits surged by more than 50% from £63m to £97m.

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Read More Facebook paid just £28m tax on record £1.6bn earnings in UK

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