Netflix to start declaring £1bn-plus UK revenues to HMRC

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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 firms such as Google and Amazon to stop funnelling revenues through overseas 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.

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from The Guardian https://ift.tt/3o8dUjb

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