Apple Europe is to pay $185m ( $185m ) in extra taxes in the UK as a result of an audit by Apple Europe and HM Revenue ( HMRC ). The agreement was revealed in accounts filed by the company on Monday . Apple Europe , one of the company’s Ireland subsidiaries, described the payment as a “corporate income tax adjustment” for Monday until September 2015 . Future income tax payments will be higher, reflecting the adjustment. The subsidiary, which offers UK marketing services for the company's Ireland -based headquarters, reportedly agreed to the payment after HMRC queried payments made through the company’s commissions structures.
Apple Europe is to pay £137m ($185m) in extra taxes in the UK as a result of an audit by HM Revenue and Customs (HMRC). The agreement was revealed in accounts filed by the company on Monday. Apple Europe, one of the company’s UK subsidiaries, described the payment as a “corporate income tax adjustment” for the years until September 2015. Future income tax payments will be higher, reflecting the adjustment. The subsidiary, which offers UK marketing services for the company's Ireland-based headquarters, reportedly agreed to the payment after HMRC queried payments made through the company’s commissions structures.