Financial statements < Notes to the financial statements Note 5 < BACK   NEXT >
 
 

5  Taxation

   
2000
£m
 
1999
£m
 

United Kingdom
– corporation tax at 30.0%(1999 30.25%)

 

58

 

93

 

– advance corporation tax written back

 

(14)

(37)

– deferred tax

 

(7)

5

 
   

37

 

61

 

Overseas
– current tax

 

36

 

5

 

– deferred tax

 

2

 

5

 

Joint ventures

 

8

 

3

 
   

83

 

74

 

Analysis of taxation charge:

       

    Underlying profits

 

99

 

72

 

    Other profits (note 7)

 

(16)

2

 
   

83

 

74