By Sandra Murphy and Mark Duell PUBLISHED: 04:36 EST, 19 August 2013 | UPDATED: 10:43 EST, 19 August 2013 Vodafone has made a multi-million pound settlement with HM Revenue & Customs in the wake of a dispute over the tax it had paid in Britain, it emerged last night. The information was revealed after it was reported that the company ran an Irish subsidiary from a satellite office in Dublin for tax purposes. Employing no staff for five years, the telecoms giant took advantage of Ireland’s generous corporate tax rate to record a £324million annual turnover collecting royalty payments for the use of its brand.
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Vodafone took advantage of the generous corporate tax rate in Ireland
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Had £324m annual turnover collecting royalty payments for brand use
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Its Irish subsidiary in Dublin employed no staff between 2002 and 2007
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The company made huge settlement in England in wake of tax dispute
environment in Ireland at that time and Vodafone began to use a @placeholder-based