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Tax - Reconciliation (Details) - GBP (£)
£ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Tax      
UK corporation tax 25.00% 23.50%  
Profit before tax £ 3,029 £ 3,589  
Expected tax charge (757) (843)  
Losses and temporary differences in period where no deferred tax assets recognised (10) (38)  
Foreign profits taxed at other rates 17 (21)  
losses on disposals and write-downs (9) (1)  
UK Bank Levy (16) (12)  
regulatory and legal actions (3) (3)  
other disallowable items (17) (18)  
FX recycling on UBIDAC capital reduction   75  
RPI-related uplift on index-linked gilts 18 6  
other non-taxable items 4 8  
Taxable foreign exchange movements 2 6  
Unrecognised losses bought forward and utilised 12 8  
Banking surcharge (81) (144)  
Pillar 2 top-up tax (11)    
Tax on paid-in equity dividends 33 22  
Adjustments in respect of prior years 17 (106)  
Tax charge for the period (801) £ (1,061)  
Deferred tax asset 1,719   £ 1,894
Deferred tax liability 108   141
Total losses carried forward      
Tax      
Deferred tax asset £ 853   £ 1,019