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Income tax expense - Reconciliation of total tax expense (Details) - GBP (£)
£ in Thousands
1 Months Ended 12 Months Ended
Apr. 30, 2023
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Reconciliation of the total tax expense        
(Loss)/profit before income tax   £ (24,027) £ (20,818) £ 27,476
Loss/(profit) before tax multiplied by weighted average US federal corporate income tax rate of 21.0% (2020: 21.0%; 2019: 21.0%)   5,046 4,372 (5,770)
Tax effects of:        
Adjustment in respect of previous years   663 (1,236) 1,085
Difference in tax rates on non-US operations   216 26 63
Recognition of UK R&D tax claims in respect of previous years     537  
Foreign exchange (losses)/gains on US dollar denominated tax basis   (3,146) 735 1,311
(Expenses not deductible for tax purposes)/income not taxable   (526) 757 (845)
Impact of change in UK Corporation tax rate   (77,785)    
Unrealized foreign exchange gains/(losses) not taxable in the US   7,343 (3,690) (2,248)
Re-measurement of foreign tax credit US deferred tax asset     (3,916) (2,191)
Total income tax expense   £ (68,189) £ (2,415) £ (8,595)
US        
Tax effects of:        
Corporate tax rate   21.00% 21.00% 21.00%
UK        
Tax effects of:        
Corporate tax rate 25.00% 19.00%