Facebook’s UK tax bill is £15.8 million – but it’ll only pay £7.4m.

Facebook is getting a 50% tax cut (Image: Getty)

Facebook is one of the biggest tech companies in the world and its become very good at paying the least amount of tax possible. 

The social network’s tax bill has been called ‘outrageous’ after accounts have revealed it’ll pay just £7.4 million on a bill of £15.8 million. 

It’s getting a cut of over 50% by claiming tax credit despite having record revenues last year of more than £1.2 billion. 

The latest UK tax bill is triple the £5.1 million paid in 2016. 

The net charge for 2017 comes to £7.4 million, following tax relief of £8.45 million for granting employees shares in the firm.

By Jeff Parson.

Full story Metro.