(TELEGRAPH) — The Government is under pressure to launch a crackdown after it emerged Apple paid just £10m in British tax in 2010 despite clocking up sales here worth an estimated £6bn.
Accounts for the iPad maker’s three main British subsidiaries show the Californian group paid just £10.3m in corporation tax in the year to September 25, 2010, according to reports. Apple’s British turnover is thought to account for a tenth of worldwide sales, which hit $100bn (£63bn) in its last financial year. The US giant avoids paying higher taxes by using foreign subsidiaries, such as in Ireland and the British Virgin Islands.
The revelation comes less than a week after online retailer Amazon disclosed it was facing an investigation by British tax authorities over allegations it recorded almost £8bn of sales in Britain over the past three years without paying corporation tax.