Apple’s UK stores paid just £800,000 tax last year

Apple’s UK retail arm used an employee stock option scheme to reduce the tax bill of its retail division to £796,000 last year. The company made pre-tax profits of £38.2m on sales of £971.5m in the year to September 25. Apple reduced its tax bill by £9.2m after an increase in its share price led to a £30.3m share-based payout to employees – a tax deductible expense. But Richard Murphy, professor of accounting at Sheffield University’s management school, said he believed Apple had claimed the full available tax relief from the scheme without reflecting all the related costs in its accounts. Apple disputed this, adding that it “always pays all that we owe everywhere we operate.”

The Sunday Times

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