Finance
Last updated:Ìý8 july, 2009 - 11:38 GMT
4. Tax
4a. Analysis of charge for the period
The charge for the year is based on a rate of corporation tax of 28% (2008: 30%).
|
2009 £³¾ |
2008 £³¾ |
|
|---|---|---|
| UK corporation tax | 0.1 | 0.1 |
| Total current tax charge | 0.1 | 0.1 |
4b. Factors affecting the tax charge
The ³ÉÈË¿ìÊÖ World Service tax charge is based primarily on interest receivable. This means that there is a tax charge arising even though there is a deficit before tax.
| Note |
2009 £³¾ |
Ìý |
2008 £³¾ |
Ìý | |
|---|---|---|---|---|---|
| (Deficit)/surplus before tax | (2.0 | ) | 0.2 | Ìý | |
| (Deficit)/surplus before tax at multiplied by the standard rate of corporation tax in the UK of 28% (2008: 30%) | (0.6 | ) | 0.1 | Ìý | |
| Adjustment relating to Grant-in-Aid funded activities | 0.6 | Ìý | (0.1 | ) | |
| Effect of taxable external income | 0.1 | Ìý | 0.1 | Ìý | |
| Total current tax charge | 4a | 0.1 | Ìý | 0.1 | Ìý |
4c. Factors that may affect future tax charges
³ÉÈË¿ìÊÖ World Service anticipates a similar tax charge in future years as Grant-in-Aid, the principal component of ³ÉÈË¿ìÊÖ World Service’s income, is not subject to tax.
Annual review 2008/09
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