Apple Europe pays extra £136m tax after audit

Apple Europe a UK subsidiary of Apple agreed to pay a corporate tax adjustment of £136m for years up to 26 September 2015 after ‘an extensive audit by HMRC’.

A note to the full accounts to 1 April 2017 for the company prepared by auditor EY states: ‘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.’

An Apple spokesperson said: ‘We know the important role that tax payments play in society. 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. HMRC...