Experian 2016 Annual Report Download - page 141
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139•Notes to the Group nancial statementsFinancial statements
15. Group tax charge
(a) Analysis of tax charge in the Group income statement
2016
US$m
2015
US$m
Current tax:
Tax on income for the year 228 160
Adjustments in respect of prior years (26) 4
Total current tax charge 202 164
Deferred tax:
Origination and reversal of temporary differences 56 99
Adjustments in respect of prior years 5 (8)
Total deferred tax charge 61 91
Group tax charge 263 255
The Group tax charge comprises:
UK tax 116 67
Non-UK tax 147 188
263 255
(b) Tax reconciliations
(i) Reconciliation of the Group tax charge
As the Group is not subject to the tax rate of only one country, it has chosen to present its tax reconciliation using the local tax
rate of the UK, the country in which its shares are listed. The effective tax rate for each year is higher than the main rate of UK
corporation tax, with the differences explained in note (c) below.
2016
US$m
2015
US$m
Profit before tax 1,027 1,006
Profit before tax multiplied by the main rate of UK corporation tax of 20% (2015: 21%) 205 211
Effects of:
Adjustments in respect of prior years (21) (4)
Tax on exceptional items 18 –
Other income not taxable (7) (34)
Losses not recognised 16 15
Expenses not deductible 87 92
Adjustment in respect of previously unrecognised tax losses –(1)
Different effective tax rates in non-UK businesses (35) (24)
Group tax charge 263 255
Effective rate of tax based on profit before tax 25.6% 25.3%
(ii) Reconciliation of the Group tax charge to the Benchmark tax charge
2016
US$m
2015
US$m
Group tax charge 263 255
Tax charge on disposal of businesses (34) –
Tax relief on other exceptional items 8 –
Tax relief on other adjustments made to derive Benchmark PBT 46 45
Benchmark tax charge 283 300
Benchmark PBT 1,136 1,231
Benchmark tax rate 24.9% 24.4%