The company said the payment of £137m, including interest on the unpaid tax, was a “corporate income tax adjustment” covering the years until September 2015 that “reflects the company’s increased activity”. 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. HMRC said it had received information from Apple’s Irish subsidiary that showed the firm paid €2.3m (£1.3m; $2.6m) more than its statutory rate between 2009 and 2011. 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. HMRC said it had received information from Apple’s Irish subsidiary that showed the firm paid €2.3m (£1.3m; $2.6m) more than its statutory rate between 2009 and 2011. 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.