As reported by The Financial Times, Apple has been ordered to pay a staggering £136 million in back-taxes following an ‘extensive audit’ by the United Kingdom’s HM Revenue and Customs.
According to HMRC, the tax bill is relating to Apple Europe dating back to 2015, which provides technical support, marketing, financial, and administrative services to Apple’s “other group companies.”
Commenting on the bill, Apple said “HMRC recently concluded a multiyear audit of our UK accounts and the settlement we reached with HMRC is reflected in our recently filed accounts”
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 recently concluded a multiyear audit of our UK accounts and the settlement we reached with HMRC is reflected in our recently filed accounts.
Apple Europe employs nearly 800 staff members according the Financial Times, taking a pre-tax profit of £297 million in the months up to April 2017.