variety.com
Netflix
reports
2020
Netflix Paid $4.3 Million Tax in the U.K. in 2019, Had Revenues of $164 Million
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variety.com
variety.comNaman Ramachandran Streaming giant Netflix paid £3.2 million ($4.37 million) in U.K. corporation tax in 2019, accounts filed with the country’s Companies House has revealed.Netflix has three companies listed in the U.K. – Netflix Services U.K., Netflix Studios U.K., and Netflix Productions U.K. – and they reported revenues of £120 million ($164 million) and declared pre-tax profits of £13 million ($17.76 million) in 2019.The news was first reported by The Guardian.Research firm Ampere Analysis estimates that Netflix earned £940 million ($1.28 billion) in subscription fees in 2019.
The streamer has some 13 million subscribers in the U.K.From this year, Netflix will begin paying tax in the U.K. on revenue generated locally, the company.
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