HMRC forces Apple to pay £137m extra tax

'Corporate income tax adjustment' made as settlement after multi-year audit by tax authorities into iPhone-maker's UK operations

Apple Europe has agreed to pay more than 100m of extra taxes following an "extensive audit" by HMRC, the firm revealed in accounts filed on Monday.

The company said the payment of 137m, including interest on the unpaid tax, was a "corporate income tax adjustment" covering the years until September 2015 that "reflects the company's increased activity". It also notes that its income tax payments "will increase going forward" as the adjustment is incorporated into future tax bills.