Google UK paid £65.3 million in tax in its 2018 financial year - a 38% boost on the previous 12 months.
The UK arm of the search titan this week reported its results for the year to 30 June 2018, with pre-tax profits coming in at £246.3 million - a 22% boost from 2017’s £200.6 million.
However, Google UK also deferred a large sum from its original 2018 tax bill - some £7.13 million, compared to the previous year’s £1.3 million.
The company also reported an 11% increase in revenues, from £1.27 billion in 2017 to £1.41 billion in 2018.
In contrast, figures from Amazon last year showed the tech giant paid just £1.7 million in tax, on profits of £72.4 million. This equates to a meagre 2.3%. It’s issues such as these that have prompted the UK government to consider changing the tax rules for digital businesses.
Under existing tax frameworks, the revenue generated by UK users online often ends up overseas. The UK government is proposing a 2% tax for the UK revenues of digital businesses that derive significant value from UK users.