4a Analysis of charge for the period The charge for the year is based on a rate of corporation tax of 30% (2000 30%).
2001 £m
2000 £m
Current year – UK corporation tax
0.2
0.2
4b Factors affecting the tax charge
The BBC World Service taxation charge is based primarily on interest receivable. The tax assessed for the year is therefore significantly lower than the standard rate of corporation tax in the UK (30%), as explained below.
Note
2001 £m
2000 £m
Surplus/(deficit) before taxation
10.4
(2.2
)
Surplus/(deficit) before taxation multiplied by the standard rate of corporation tax in the UK of 30% (2000 30%)
3.1
(0.7
)
Effect of non-taxable (external income)/deductible costs
(2.9
)
0.9
Current tax charge for the year
4a
0.2
0.2
4c Factors that may affect future tax charges
BBC World Service anticipates a similar tax charge in future years since Grant–in–Aid and BBC Monitoring
subscription income are not subject to taxation.
