Netflix received a €57,000 (£51,000) tax rebate from the UK government last year, despite making an estimated £700m from British subscribers bingeing on fare from The Crown to Stranger Things.
Revenue from British subscribers jumped 40% year-on-year in 2018, up from £500m in 2017 when the company received a €199,000 tax rebate from the UK government.
With more than 10 million Netflix UK subscribers by the end of last year – paying £5.99-£11.99 a month, with its £8.99 package by far the most popular – Netflix UK raked in more than £700m, after sales tax, from British streamers, according to data and analytics firm Ampere Analysis.
In total, HMRC paid out £595m in film tax relief and £246m in TV tax relief in the year to end of March 2019. is looking for a new UK head office.