Anger as legal loophole sees Apple’s UK tax bill falling despite record turnover
Critics say it's 'outrageous' that the tech giant only paid £8.12million in taxes after raking in over £1billion-plus in British stores
APPLE’S tax bill for its UK stores fell last year despite record turnover.
The tech giant paid only £8.12million on £1billion-plus it raked in after paying £9.43million the year before.
Critics blasted the figures as outrageous and said the corporation tax system was broken.
The tax is calculated on profits which Apple said fell a third to £19.1million.
It blamed increased administrative expenses at the 39 shops in its Retail UK division.
There is no suggestion it has broken any law.
MP Margaret Hodge said Apple had shifted cash abroad to dodge tax.
She said: “It’s wrong. They need an educated, healthy workforce.
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“They need a superfast broadband, don’t they? All this gets paid for out of taxpayers’ money.”
Will Snell, of Tax Justice UK, said: “Apple’s accounts indicate their UK operation does not share in the group’s highly profitable global business.”
He said: “Either austerity is biting harder than you’d think or HMRC and the UK public are being taken for mugs because our Corporate Tax system is broken.”