FACEBOOK IS SET TO PAY MILLIONS OF POUNDS MORE IN TAX UK STRUCTURE.

After heavy criticism that it was avoiding tax, the BBC can reveal that profits from the majority of Facebook's advertising revenue initiated in Britain will now be taxed in the UK.

 

It will no longer route sales through Ireland for its largest advertisers.

That includes major businesses such as Tesco, Sainsbury's, consumer goods firm Unilever and advertising giant WPP.

Smaller business sales where advertising is booked online - with little or no Facebook staff intervention - will still be routed through Ireland, which will remain the company's international headquarters.

I am told the change will mean that Facebook will account for substantially more revenue in the UK and will therefore pay a higher level of corporation tax on the profits it makes here.

Corporation tax is levied at 20% on the profits a business makes.

Facebook reprot profits rise of 11%on advertising revenue hike

The social media firm reported a net income rise of 11% to $891m (£579m) in July to September, compared with $806m in the same period last year.

Facebook also reported that developing markets had seen strong growth in the number of users. 

 

Facebook chief Mark Zuckerberg said the company was "focused on innovating and investing for the long term".

Facebook's product

Billboard World Magazine prepare, hosting 5th Edition ‘Brand As King’ Awards October 2015

Arrangements are underway by Billboard World Magazine, a frontline out-of-home magazine to host its 5th edition of the award in Lagos on October 25 2015.

 

The organisers of the award has already called for entry in the following categories: most performing brand awards, excellence awards in media reporting, most performing industry associate awards, outstanding brand ambassador awards (Entertainment), excellence awards in environmental policy, best upcoming brands, industry merit awards and special recognition awards.