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RSS FeedsApple moved a record £720m from the UK to Ireland and paid £97m in UK tax
(iMore iPhone)

 
 

12 july 2021 17:43:52

 
Apple moved a record £720m from the UK to Ireland and paid £97m in UK tax
(iMore iPhone)
 


What you need to know Apple moved a record £720 million from the UK to its Irish holding company in 2020. This after it paid £97 million in tax to the UK. That`s compared with £125 million in 2019. Apple moved £720 million ($999 million) out of its UK businesses and into their Irish holding company across two payments made throughout 2020, according to a new report based on published accounts. That`s a huge increase on the £125 million it moved in 2019. According to a Telegraph report, Apple paid two dividends from its three UK businesses to its Irish company, one of £600 million and another of £120 million. Apple`s UK tax bill also rose from £90 million in 2019 to £97 million in 2020. Apple has three businesses in the UK; Apple Retail UK, Apple UK, and Apple Europe. The payments represent a significant jump on its 2019 distributions that totalled £125m. Apple Europe, which provides services across the EU, gave no dividends to its parent company in 2019 but paid ...


 
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