Apple agrees to pay £136 million in tax after HMRC investigation
Apple agrees to pay £136 million in tax after HMRC investigation
The exact agreement between Apple and Her Majesty’s Revenue and Customs remains a mystery, as the HMRC does “not comment on the tax affairs of individual companies”. Apple has not gone into specific details regarding this tax payment, though they have released the following statement. Â
   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.
As a result of this agreement with the HMRC, Apple Europe will now pay increased UK taxes moving forward. Apple Europe provides marketing services for its European headquarters based in Ireland. Â
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This recent tax scandal comes less than two years after Apple was forced to pay €13 billion Euros in tax after an order from a European Commission. This tax payment was due to an illegally low tax rate set by Ireland, who is currently contesting the commission’s decision. At this time the €13 billion is getting paid into a separate account while Ireland continues the challenge the commission, despite that fact that they are the country that will be receiving the money. Â
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