FACEBOOK paid tax in the UK of £2.6m after agreeing to report the revenue it brings in from advertising in the UK instead of Ireland.
Revenues were £842m in 2016, the latest figures available, four times larger than the previous year after it made the changes according to the freshly filed accounts.
And pre-tax profits were £55.8m compared to a £41.2m loss in 2015.
Facebook's tax bill for the year was £5.2m, but it paid just £2.6m - due to deductions related to some expenses.
The year prior its bill came in at £4.2m, but that was offset by a tax credit of £11m and in 2014 it paid just £4,327, sparking outrage and scrutiny from MPs, leading to the eventual deal to pay more in the UK.
"Last April, we actively chose to reorganise our company structure to record revenues from our large UK sales customers in the UK. We believed this would provide greater transparency on our operations in London and be easier for people to understand," said a Facebook spokesperson.
"We continue to invest and expand in the UK, employing 1,500 people in our new offices by the end of this year".
(c) 2017 City A.M., source Newspaper