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> FB’s VAT on ad sales in the UK is probably only £500m. It is probably closer to £0. VAT is only chargeable on non-business ad sales. Where a Facebook does pa
by joshuaissac 5y ago
> FB’s VAT on ad sales in the UK is probably only £500m.
It is probably closer to £0. VAT is only chargeable on non-business ad sales. Where a Facebook does pay VAT for a sale to a business, that cost is passed on to the buyer, which can claim it back from HMRC. The exception being very small businesses that are below the VAT registration threshold.