|
|
|
2000
£000
|
1999
£000
|
Corporation tax at 30% (1999: 31%)
Advance corporation tax previously written off, recovered
Over provision in previous years
|
4,875
–
(13)
|
4,803
(2,207)
(97)
|
|
4,862
|
2,499
|
The change in the effective tax rate from the prior year is mainly due to the full
recovery last year of all remaining advance corportion tax available for offset.
|
|
|
In accordance with the Group’s accounting policy, there is no
provision for deferred taxation at 31 March 2000. The full potential
deferred taxation liability, calculated under the liability method at a
tax rate of 30% (1999:31%), was:
|
17,676
|
17,275
|
If provision for deferred taxation had been made the tax charge would have
increased as follows:
Capital allowances
Advance corporation tax - current year
Advance corporation tax - prior years
Other timing differences
|
(495)
–
–
896
|
93
2,207
(134)
97
|
|
401
|
2,263
|
|
