Apple has paid £12.9m tax last year in UK corporation as the iPhone maker continued to book sales through its international headquarters in Ireland.
Accounts for the year to September 26 showed that the tax bill for Apple’s two UK entities rose 9pc last year from £11.8m from a year earlier.
The latest figures come as the European Commission is set to announce the results of a long-running investigation into Apple’s tax arrangements in Ireland, and after Facebook and Google have pledged to pay more corporation tax in the UK.
The world’s largest company,Apple has been liable of paying less than what critics claim would represent a fair share, inured that UK shoppers spend billions on Apple’s products. The company says it pays “all that we owe according to the law” and that it supports thousands of British jobs.
Accounts for Apple UK, the tech giant’s UK operations arm, showed a 4.6pc rise in revenue but a slight fall in profit to £78m, resulting in corporation tax payments declining to £6.5m. Apple Retail UK Limited, the arm that runs Apple’s network of stores, reported a 12pc increase in revenue to £1bn and a profit of £6.4m.
Apple’s boss Tim Cook, who denies any wrongdoing, held a private meeting with EU antitrust chief Margrethe Vestager in April to address the investigation.
Read Next : Report : Leaked iPhone7 Larger Camera Image?
“Apple is the largest taxpayer in the world and we pay all that we owe according to the law,” a spokesman said. “We have a long history in the UK and are proud of the significant contributions we’ve made over the past 36 years.”
Facebook and Google have also booked sales in Ireland, which has become a magnet for multinational tech companies thanks to its comparatively-low corporation tax rate, but have both responded to the Government’s attempts to cut tax avoidance.
Don’t Miss :
- Apple Has A Genius Idea For Using The iPhone With One Hand
- Steve Jobs : Top 40 Unbelievable Facts
- Top 5: Apple’s Most Unforgettable Ads
- Apple Unlikely to Make Big Changes for Next iPhone
- 40 Things You Never Knew Your iPhone Can Do.
- 10 Interesting Facts You Don’t Know About Apple
- iPhone 8 : Release Date, Spec, Features And Concept
Google agreed to pay £130m in back taxes earlier this year, while Facebook said it will book more advertising sales in Britain in response to George Osborne’s diverted profits tax, a new levy on income generated in the UK.