Netflix has announced that it will begin to declare its true UK revenue from next year.It comes after ongoing criticism about the amounts of tax paid by the streaming service, including by US President-elect Joe Biden.Think tank Tax Watch says Netflix’s UK holding company, Netflix Services UK, declared £43million revenue in 2018, though its true revenue was likely to be somewhere around £860m.The discrepancy comes as Netflix’s Netherlands-based company, Netflix International, collects a large share of revenue from UK subscribers to the streaming service.A spokesperson for Netflix told the Guardian: “As Netflix continues to grow in the UK and in other international markets we want our corporate structure to reflect this footprint,” a Netflix.
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