APPLE Europe, which handles the tech firm’s UK marketing has agreed the extra taxes after HMRC carried out “extensive audit” by its operations in the UK.
£137 million which includes interested is for paid taxes a “corporate income tax adjustment”, will cover the backdated years up until September 2015. They also noted its income tax “will increase going forward”.
The filing, at Companies House, said: “This payment of additional tax and interest reflects the company’s increased activity and is recognised in the current financial period which ended on 1 April 2017.”As a result of this adjustment the Company’s corporate income tax payments will increase going forward.”
Apple Europe reported a profit of £194m for the 18 months to 1 April 2017, paying £57m on its pre-tax profits of £297m for that period.
Commenting on the payment, the Apple have said: “We are proud that Apple is an engine of economic growth in the UK through the fast-growing iOS App Economy and our own expanding workforce, which will be housed in a new campus at the Battersea Power Station.
“Apple pays all that we owe according to tax laws and local customs in the countries where we operate.
“As a multinational business and the largest taxpayer in the world, Apple is regularly audited by tax authorities around the world.
An HMRC spokesperson told Sky News: “We do not comment on the tax affairs of individual companies. Multinational companies must pay all taxes due and we don’t settle for less.
“Last year alone, HMRC secured and protected over £8bn in additional tax revenue from the largest and most complex businesses.”
