News: The tax bill for two of the company’s UK entities increased 9% in 2015.
Apple is reported to have paid £12.9m in corporation tax in the UK in 2015 despite recording sales of over £1bn.
The accounts for the year to 26 September revealed that the tax bill for two of the company’s UK entities increased 9% in 2015 from £11.8m in 2014.
Apple UK’s revenue increased 4.6% but profit dropped to £78m, which resulted in corporation tax payments decreasing to £6.5m.
Apple Retails UK, a division that runs the company’s network of stores, reported a 12% rise in revenue to £1bn and a profit of £6.4m, according to the Telegraph.
A company spokesperson was quoted by the news paper as saying, "Apple is the largest taxpayer in the world and we pay all that we owe according to the law.
"We have a long history in the UK and are proud of the significant contributions we’ve made over the past 36 years."
The details on the iPhone maker’s UK tax arise as the European Commission is set to unveil its decision on an investigation into the company’s tax arrangement agreements with Ireland.
Apart from the UK, Apple has also been accused of avoiding taxes in the US, China, Ireland, and Italy.
Apart from Apple, Google and other US firms like Amazon, Facebook, and Starbucks, have also been criticised heavily in recent years over their tax arrangements in the UK.
Google has however agreed to pay £130m in back taxes after reaching an agreement with the UK authorities.