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| All figures in £ millions | 2005 | 2004 | 2003 |
|---|---|---|---|
| Current tax | |||
| Charge in respect of current year | (76) | (65) | (45) |
| Adjustments in respect of prior years | (1) | 25 | 13 |
| Total current tax charge | (77) | (40) | (32) |
| Deferred tax | |||
| In respect of timing differences | (66) | (46) | (72) |
| Adjustments in respect of prior years | 19 | 23 | 43 |
| Total deferred tax charge (note 14) | (47) | (23) | (29) |
| Total tax charge | (124) | (63) | (61) |
The tax on the Group's profit before tax differs from the theoretical amount that would arise using the UK tax rate as follows: |
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| All figures in £ millions | 2005 | 2004 | 2003 |
| Profit before tax | 466 | 325 | 313 |
| Tax calculated at UK rate | (140) | (97) | (94) |
| Effect of overseas tax rates | (22) | (8) | (6) |
| Joint venture and associate income reported net of tax | 5 | 2 | - |
| Income not subject to tax | 16 | 6 | 11 |
| Expenses not deductible for tax purposes | (9) | (5) | (7) |
| Utilisation of previously unrecognised tax losses | 11 | 5 | 15 |
| Unutilised tax losses | (3) | (14) | (36) |
| Prior year adjustments | 18 | 48 | 56 |
| Total tax charge | (124) | (63) | (61) |
| UK | (26) | 5 | (13) |
| Overseas | (98) | (68) | (48) |
| Total tax charge | (124) | (63) | (61) |
| Add back: tax benefit on other gains and losses | (4) | (36) | (35) |
| Add back: tax benefit on amortisation of acquired intangibles | (4) | (2) | (1) |
| Add back: tax charge on other finance income | 3 | - | - |
| Adjusted income tax charge - continuing operations | (129) | (101) | (97) |
| Adjusted income tax charge - discontinued operations | 1 | (7) | (19) |
| Total adjusted income tax charge | (128) | (108) | (116) |
| Tax rate reflected in adjusted earnings | 30.3% | 30.9% | 32.5% |
The tax benefit on items charged to equity is as follows: |
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| All figures in £ millions | 2005 | 2004 | 2003 |
| Deferred tax on stock options | 3 | 4 | - |
| Current tax on foreign exchange gains and losses | 9 | 5 | - |
| Total | 12 | 9 | - |
