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Tax - Tax reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]      
Profit before tax $ 8,777 $ 13,347 $ 19,890
Taxation at UK corporation tax rate of 19.00% (2019: 19.00%; 2018: 19.00%) 1,668 2,536 3,779
Impact of differently taxed overseas profits in overseas locations 178 253 264
– non-UK movements in unrecognised deferred tax 608 12 32
– UK tax losses not recognised 444 364 435
– other permanent disallowables 322 481 396
– local taxes and overseas withholding taxes 228 484 437
– bank levy 202 184 191
– adjustments in respect of prior period liabilities 78 277 34
– impacts of hyperinflation 65 29 78
– impact of changes in tax rates 58 (11) 17
– non-deductible regulatory settlements 33 5 153
– non-deductible goodwill write-down 0 1,421 0
– non-taxable income and gains (515) (844) (691)
– deductions for AT1 coupon payments (310) (263) 0
– effect of profits in associates and joint ventures (250) (467) (492)
– UK banking surcharge (113) 29 229
– non-deductible UK customer compensation (18) 382 16
– non-taxable gain on dilution of shareholding in SABB 0 (181) 0
– other items 0 (52) (13)
Total tax expense $ 2,678 $ 4,639 $ 4,865
Reconciliation of average effective tax rate and applicable tax rate [abstract]      
Taxation at UK corporation tax rate of 19.00% (2019: 19.00%; 2018: 19.00%) 19.00% 19.00% 19.00%
Impact of differently taxed overseas profits in overseas locations 2.00% 1.90% 1.30%
– non-UK movements in unrecognised deferred tax 6.90% 0.10% 0.20%
– UK tax losses not recognised 5.10% 2.70% 2.20%
– other permanent disallowables 3.60% 3.60% 2.00%
– local taxes and overseas withholding taxes 2.60% 3.60% 2.20%
– bank levy 2.30% 1.40% 1.00%
– adjustments in respect of prior period liabilities 0.90% 2.10% 0.20%
– impacts of hyperinflation 0.70% 0.20% 0.40%
– impact of changes in tax rates 0.60% (0.10%) 0.10%
– non-deductible regulatory settlements 0.40% 0.00% 0.80%
– non-deductible goodwill write-down 0.00% 10.70% 0.00%
– non-taxable income and gains (5.80%) (6.30%) (3.50%)
– deductions for AT1 coupon payments (3.50%) (2.00%) 0.00%
– effect of profits in associates and joint ventures (2.80%) (3.50%) (2.50%)
– UK banking surcharge (1.30%) 0.20% 1.10%
– non-deductible UK customer compensation (0.20%) 2.90% 0.10%
– non-taxable gain on dilution of shareholding in SABB 0.00% (1.30%) 0.00%
– other items 0.00% (0.40%) (0.10%)
Average effective tax rate 30.50% 34.80% 24.50%