Carphone Warehouse 2015 Annual Report Download - page 108

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Dixons Carphone plc Annual Report and Accounts 2014/15
Financial statements
Notes to the Group financial statements
106
7 Tax
a) Tax expense
The corporation tax charge comprises:
13 months
ended
2 May
2015
£million
Year
ended
29 March
2014
£million
Current tax
UK corporation tax at 20.92%(i) (2013/14 23%) – Headline 61 10
– Non-Headline * (12) —
Overseas tax – Headline 25 3
– Non-Headline * (3) —
71 13
A
djustments made in respect of prior years:
UK corporation tax 6 1
Overseas tax (2) (6)
4 (5)
Total current tax 75 8
Deferred tax
UK Tax – Headline 10 19
– Non-Headline * 2 (2)
Overseas tax – Headline (2) 2
– Non-Headline * (3) (1)
7 18
A
djustments in respect of prior years:
UK Corporation tax – Headline (8) (4)
– Non-Headline * 1 (3)
Overseas tax – Headline 1 —
– Non-Headline * — —
(6) (7)
Total deferred tax 1 11
Total tax charge 76 19
Headline tax charge(ii) 91 25
(i) The UK corporation tax rate for the 13 months ended 2 May 2015 was 21% for the 12 months to 31 March 2015 and 20% thereafter
(2013/14: 23% for the year ended 29 March 2014).
(ii) The Headline tax charge excludes those items marked *.
Tax related to discontinued operations is included in the figures set out in note 24.