Cmon. They have a huge engineering office there bringing in massive amounts of tax revenue already. UkGov doesn’t want to chase off 1000x employees bringing in £100M of income tax revenue. FB’s VAT on ad sales in the UK is probably only £500m.
> FB’s VAT on ad sales in the UK is probably only £500m.
It is probably closer to £0. VAT is only chargeable on non-business ad sales. Where a Facebook does pay VAT for a sale to a business, that cost is passed on to the buyer, which can claim it back from HMRC. The exception being very small businesses that are below the VAT registration threshold.
