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Apple agrees to pay £136 million in tax after HMRC investigation

This 'corporate income tax adjustment' covers the years until September 2015

Apple agrees to pay £136 million in tax after HMRC investigation

Apple agrees to pay £136 million in tax after HMRC investigation

After an "extensive audit" by the HMRC Apple has agreed to pay an extra £136 million in tax, with the company's income tax payments being expected to "increase going forward". 

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.  

     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.  


Apple agrees to pay £136 million in tax after HMRC investigation  

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.   

You can join the discussion on Apple's agreement to pay additional taxes to the HMRC on the OC3D Forums

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Most Recent Comments

12-01-2018, 02:39:08

Bagpuss
They've 'agreed'?

How nice of them, I didn't know paying tax was optional, I must have missed the box I needed to tick on my tax return to not agree to pay.Quote

12-01-2018, 03:13:55

NeverBackDown
Quote:
Originally Posted by Bagpuss View Post
They've 'agreed'?

How nice of them, I didn't know paying tax was optional, I must have missed the box I needed to tick on my tax return to not agree to pay.
It could have been worse so they lowered it and they agreed. I'd rather pay this amount than anything more..Quote

12-01-2018, 04:38:50

Dawelio
Quote:
Originally Posted by NeverBackDown View Post
It could have been worse so they lowered it and they agreed. I'd rather pay this amount than anything more..
Why are you defending a company that doesn't even care at all?... They clearly went around the law to evade paying the tax requirements they should be paying. So it's all their own fault.

And also read this from the article:

"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."

Just why? If they are the country receiving the money, why are they challenge it? Or is it that they don't want the money? Quote

12-01-2018, 07:10:01

WYP
Quote:
Originally Posted by Chrazey View Post
Why are you defending a company that doesn't even care at all?... They clearly went around the law to evade paying the tax requirements they should be paying. So it's all their own fault.

And also read this from the article:

"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."

Just why? If they are the country receiving the money, why are they challenge it? Or is it that they don't want the money?
I didn't want to go too deep into the political situation, but long story short is that Ireland doesn't want to take the money as it can prevent further investment into the country from other companies.

While 13 billion is a lot of money, Ireland would prefer to get more investment from big companies to facilitate some job creation.Quote

12-01-2018, 08:02:54

Linchpin
Quote:
Originally Posted by Bagpuss View Post
They've 'agreed'?

How nice of them, I didn't know paying tax was optional, I must have missed the box I needed to tick on my tax return to not agree to pay.
It's pretty clear by now that paying taxes is for the little people.Quote
Reply
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