The latest accounts for Apple Europe, the subsidiary providing sales support, marketing, and other services to the Apple group, show an additional £136m in corporation tax paid covering several years up to September 2015, following an HMRC audit.
The latest accounts for Apple Europe, the subsidiary providing sales support, marketing, and other services to the Apple group, show an additional £136m in corporation tax paid covering several years up to September 2015, following an HMRC audit.
Although HMRC declined to comment, press reports have suggested HMRC argued the subsidiary had not received a large enough commission on sales it helped secure through its services. Apple noted in its accounts that the ‘payment of additional tax and interest reflects the company’s increased activity’. The accounts also noted that ‘as a result of this adjustment the company’s corporate income tax payments will increase going forward’.
Apple Europe also paid £57m in UK corporation tax for the period ended in April 2017.
The accounts of Apple’s UK subsidiary, Apple UK, showed a payment of back taxes covering a similar period amounting to £81m. Apple UK also paid £35m in UK corporation tax for the period to April 2017.
The latest accounts for Apple Europe, the subsidiary providing sales support, marketing, and other services to the Apple group, show an additional £136m in corporation tax paid covering several years up to September 2015, following an HMRC audit.
The latest accounts for Apple Europe, the subsidiary providing sales support, marketing, and other services to the Apple group, show an additional £136m in corporation tax paid covering several years up to September 2015, following an HMRC audit.
Although HMRC declined to comment, press reports have suggested HMRC argued the subsidiary had not received a large enough commission on sales it helped secure through its services. Apple noted in its accounts that the ‘payment of additional tax and interest reflects the company’s increased activity’. The accounts also noted that ‘as a result of this adjustment the company’s corporate income tax payments will increase going forward’.
Apple Europe also paid £57m in UK corporation tax for the period ended in April 2017.
The accounts of Apple’s UK subsidiary, Apple UK, showed a payment of back taxes covering a similar period amounting to £81m. Apple UK also paid £35m in UK corporation tax for the period to April 2017.
