Vodafone 2013 Annual Report Download - page 106

7. Taxation
This note explains how our Group tax charge arises. The deferred tax section of the note also provides
information on our expected future tax charges and sets out the tax assets held across the Group together with
our view on whether or not we expect to be able to make use of these in the future.
Income tax expense
2013 2012 2011
£m £m £m
United Kingdom corporation tax expense/(income):
Current year – – 141
Adjustments in respect of prior years 24 (4) (5)
24 (4) 136
Overseas current tax expense/(income):
Current year 3,070 2,440 2,152
Adjustments in respect of prior years (297) (231) (477)
2,773 2,209 1,675
Total current tax expense 2,797 2,205 1,811
Deferred tax on origination and reversal of temporary differences:
United Kingdom deferred tax (52) (8) (275)
Overseas deferred tax (163) 349 92
Total deferred tax (income)/expense (215) 341 (183)
Total income tax expense 2,582 2,546 1,628
UK operating prots are more than offset by statutory allowances for capital investment in the UK network and systems plus ongoing interest costs
including those arising from the £6 billion of spectrum payments to the UK government in 2000.
Tax credited directly to other comprehensive income
2013 2012 2011
£m £m £m
Current tax charge/(credit) 2 (5) (14)
Deferred tax credit (40) (119) (117)
Total tax credited directly to other comprehensive income (38) (124) (131)
Tax credited directly to equity
2013 2012 2011
£m £m £m
Current tax credit (17) (1) (5)
Deferred tax credit (1) (1) (19)
Total tax credited directly to equity (18) (2) (24)
Notes to the consolidated nancial statements (continued)
104 Vodafone Group Plc
Annual Report 2013