Barclays 2008 Annual Report Download - page 215

3
Financial statements
9 Administration and general expenses (continued)
2007
Audit Taxation Other
Audit related services services Total
£m £m £m £m £m
Audit of the Group’s annual accounts 7–––7
Other services:
Fees payable for the audit of the Company’s associates pursuant to legislation 12 –––12
Other services supplied pursuant to such legislation 62––8
Other services relating to taxation ––8–8
Services relating to corporate finance transactions entered into or proposed
to be entered into by or on behalf of the Company or any of its associates –––55
Other –2–24
Total auditors’ remuneration 25 48744
2006
Audit Taxation Other
Audit related services services Total
£m £m £m £m £m
Audit of the Group’s annual accounts 7–––7
Other services:
Fees payable for the audit of the Company’s associates pursuant to legislation 11 –––11
Other services supplied pursuant to such legislation 10 1––11
Other services relating to taxation ––6–6
Services relating to corporate finance transactions entered into or proposed
to be entered into by or on behalf of the Company or any of its associates –––44
Other –4–15
Total auditors’ remuneration 28 5 6 5 44
The figures shown in the above table relate to fees paid to PricewaterhouseCoopers LLP and its associates. Fees paid to other auditors not associated with
PricewaterhouseCoopers LLP in respect of the audit of the Company’s subsidiaries were £3m (2007: £2m, 2006: £2m).
Fees payable for the audit of the Company’s associates pursuant to legislation comprise the fees for the statutory audit of the subsidiaries and associated
pension schemes both inside and outside Great Britain and fees for the work performed by the associates of PricewaterhouseCoopers LLP in respect
of the consolidated financial statements of the Company. The fees relating to the audit of the associated pension schemes were £0.2m (2007: £0.3m,
2006: £0.3m).
Other services supplied pursuant to such legislation comprise services in relation to statutory and regulatory filings. These include audit services
for the review of the interim financial information under the Listing Rules of the UK listing authority and fees paid for reporting under Section 404 of the
US Sarbanes-Oxley Act (Section 404). In 2008 fees paid for reporting under section 404 are not separately identifiable from the fees of the audit of the
Group’s annual accounts and the Company’s associates. In addition, other services include Section 404 advisory, reporting accountant work for capital
raising, securitisations and services relating to acquisition activities.
Taxation services include compliance services such as tax return preparation and advisory services such as consultation on tax matters, tax advice
relating to transactions and other tax planning and advice.
Services relating to corporate finance transactions comprise due diligence related to transactions and other work in connection with such transactions.
10 Tax
The charge for tax is based upon the UK corporation tax rate of 28.5% (2007: 30%, 2006: 30%) and comprises:
2008 2007 2006
£m £m £m
Current tax charge/(credit)
Current year 1,563 2,385 1,929
Adjustment for prior years 97 (11) 8
1,660 2,374 1,937
Deferredtax (credit)/charge
Current year (597) (367) (16)
Adjustment for prior years (273) (26) 20
(870) (393) 4
Total charge/(credit) 790 1,981 1,941
Barclays PLC Annual Report 2008 213