Netflix banked a £51,000 tax rebate last year while an estimated £700million from subscribers was funnelled offshore.
Accounts show the US streaming giant, behind hits including The Crown and Black Mirror , benefitted from breaks for making shows here.
And they helped the firm wipe out its Corporation Tax bill, so that its UK arm – where profits nearly doubled to £2million – received an overall tax credit of £51,000 for 2018.
Submissions at Companies House say: “The company used a credit stemming from these Netflix UK production activities against its recorded profit.”
But the UK entity is only tasked with marketing and “other support services” for Netflix’s Netherlands-based European business – where subscribers’ cash is sent.
And some 10 million UK customers paid an estimated £700million last year.
Netflix has said it is investing more than £400million in the UK this year, creating 20,000 jobs.
