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v3.22.2

Tax - Reconciliation (Details) - GBP (£) £ in Millions |  | 6 Months Ended |
--- | --- | --- | ---
Apr. 01, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021
Tax reconciliation |  |  |  |
UK corporation tax |  | 19.00% | 19.00% |
Profit before tax |  | £ 2,620 | £ 2,325 |
Expected tax charge |  | (498) | (442) |
Losses and temporary differences in year where no deferred tax asset recognised |  | (51) | (28) |
Foreign profits taxed at other rates |  | (39) | (8) |
losses on disposals and write-downs |  | (4) | (3) |
UK bank levy |  | (9) | (11) |
regulatory and legal actions |  | (13) | 3 |
other disallowable items |  | (12) | (10) |
other non-taxable items |  | 8 | 25 |
Taxable foreign exchange movements |  | (7) |  |
Unrecognised losses brought forward and utilised |  |  | 6 |
Banking surcharge |  | (207) | (173) |
Tax on paid-in equity |  | 22 | 32 |
UK tax rate change impact |  | (31) | 206 |
Adjustments in respect of prior years |  | 37 | 8 |
Tax charge for the year |  | (795) | (432) |
Deferred tax assets |  | 1,637 |  | £ 1,195
Deferred tax liabilities |  | 286 |  | 359
UK |  |  |  |
Tax reconciliation |  |  |  |
Increase/(decrease) in the carrying value of deferred tax assets in respect of: |  | 10 | (5) |
Trading losses carried forward |  | £ 801 |  | £ 899
Banking Surcharge Rate |  | 8.00% |  |
UK | Forecast |  |  |  |
Tax reconciliation |  |  |  |
Banking Surcharge Rate | 3.00% |  |  |
Republic of Ireland |  |  |  |
Tax reconciliation |  |  |  |
Increase/(decrease) in the carrying value of deferred tax assets in respect of: |  | £ (1) | £ (32) |

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