TECH

NOT ENOUGH: Google Pays Just £36m Tax on £1.03bn Sales

WEB giant Google paid just £39m in UK taxes, despite sales of over £1.03bn.

The web giant has been criticized in the UK for ‘not paying it’s fair share’ of taxes.

The company had sales of over £1.03bn and a pre-tax profit of £149m in the UK for the 12 months to the end of June 2016.

Labour says the firm was not paying its “fair share” of tax in the UK.

Google agreed to pay £130m in back taxes to the UK last year, which was widely criticised as not being enough.

The sum covered money owed since 2005 and followed a six-year inquiry by Her Majesty’s Revenue and Customs (HMRC).

George Osborne, who was chancellor at the time, described the deal as a “victory”, but Labour’s John McDonnell said the sums were “trivial”.

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