Netflix is set to start declaring £1billion-plus UK revenues to the British taxman in January, a move which is likely to add pressure on other tech firms to follow suit. Netflix is set to begin declaring its UK revenue to the British tax man after a move which is set to pile pressure on other firms. Pictured: Netflix's The CrownBut on Tuesday, 13million Netflix users in the UK will be notified that, as of January, the company will begin to declare its profits. In 2018 Netflix was given a UK tax rebate of £51,000 while earning £700million from UK users but only declared just over £43million in revenue. After France, Spain, Italy and the UK signed a letter declaring tech giants 'pay their fair share of tax' Netflix has since made changes.

Source: Daily Mail November 28, 2020 17:02 UTC