Streaming company adds 2 million UK subscribers in 2020 and vows to pay more tax
Netflix paid just £4m in UK corporation tax in 2020 despite having the best year in its history, as a pandemic-fuelled viewing boom generated an estimated £1.15bn from its British subscribers.
The streaming company, whose tax bill has risen 56% year-on-year to the highest level since it launched in the UK in 2012, added a record 36.6 million new subscribers globally, taking its total past 200 million. In the UK, it added about 2 million subscribers, making its British customer base an estimated 13 million people.
