Apple paid only £10m tax on £6bn UK earnings

by Richard Crump

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10 Apr 2012

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APPLE has become the latest technology company to be accused of avoiding paying tax on UK earnings.

The company is reported to have paid just £10m in UK corporation tax in the last financial year despite earning around £6bn during the same period.

Documents show that Apple's three main UK subsidiaries paid £10.3m in corporation tax in the year to September 25 2010.

Apple joins Amazon and Google in being accused of avoiding UK tax.

Amazon is being investigated by HM Revenue & Customs (HMRC) for possible tax avoidance.

Amazon generated sales of around £7.6bn in the UK, but paid no corporation tax on the profit from that revenue line.

Apple was unavailable for comment.

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Financial Planning and Performance AnalystCabinet Office-Greater London-Competitive

 
 
 
 
 
 
 
 

 

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