Jan 10, 2018

Apple pays extra £136m in tax after HMRC investigation

Apple has paid an extra £136m in tax following an "Extensive audit" by HM Revenue and Customs. Apple Europe, a UK subsidiary of the company, agreed to pay a "Corporate income tax adjustment" covering years up to 26 September 2015. The company said in a statement: "As a multinational business and the largest taxpayer in the world, Apple is regularly audited by tax authorities around the world. HMRC recently concluded a multiyear audit of our UK accounts and the settlement we reached with HMRC is reflected in our recently filed accounts." The payment of additional tax and interest "Reflects the company's increased activity," Apple said in its accounts for 18 months to 1 April 2017. The Commission ruled in 2016 that Ireland had given Apple illegal state aid by allowing it to pay an effective 1% corporation tax.

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