Ebay reported revenues of almost £1 billion in the UK last year but only paid £1.1 million in tax Tim Goode/PAEBay has become the latest multinational company to have questions raised over its UK taxes after it emerged that it paid just £1.1 million to HMRC last year. That was despite the trading website reporting transaction revenues of nearly £1 billion in this country. Accounts of its parent company in the United States indicated that its UK transaction revenues were $1.1 billion in 2015. Yet in its UK accounts it reported a figure of £185.8 million. The figures, which are likely to fuel controversy about whether multinational companies pay their fair share in taxation on UK profits, follow comments from…

Source: The Times October 09, 2016 23:48 UTC