Apple hit with £136 million UK tax bill | iLounge News


Apple hit with £136 million UK tax bill

Apple has been hit with a £136 million tax bill in the UK after an “extensive audit,” The Financial Times reports. The payment — which covered many years leading up to 2015 — was discovered in the accounts of Apple’s European subsidiary and is thought to have come after an audit found that the subsidiary hadn’t received large enough commissions on sales it secured for its Irish sister company. Apple’s well-documented tax fight with the European Union also hinges on Apple’s dealings in Ireland, and Apple’s own report about the £136 million turned over to the UK after the audit was for “additional tax and interest reflecting the company’s increased activity.”


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