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Netflix is ‘under examination’
04 December 2018
Netflix, the US digital streaming outfit, has admitted its UK accounts are ‘under examination’.
The company has 9m subscribers in the UK who generate over £71m a month, which totals around £863m a year. Its British division, however books revenues of £23.9m and profits of £1.13m.
Netflix’s main European office is Amsterdam which, like Dublin, has a stack of US technology companies listed there because of its ‘light-touch’.
Tax experts believe HMRC will be looking at Netflix’s Transfer pricing deal between the UK and the Dutch parent.
Netflix employs just 14 people in the UK, according to recent accounts.
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