Apple has warned that an European probe into its tax payments in Ireland could lead to the company having to pay disputed past taxes covering up to 10 years.

The company said the impact could be “material,” but did not provide an estimate.

The European Commission began a probe last year into a tax deal between Ireland and Apple to ascertain whether the taxes the company paid complied with European Union rules on state aid.

The investigation would address rulings by Irish tax authorities on the calculation of the taxable profit allocated to the Irish branches of Apple Sales International and of Apple Operations Europe, to find out if the rulings involved state aid that benefited the company.

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