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Taxation on Ordinary Activities - Summary of Factors Affecting the Taxation Charge (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Major components of tax expense (income) [abstract]      
Profit/(loss) before taxation £ 3,538 £ (17,061) £ 9,324
Share of post-tax results of associates and joint ventures (1,900) (585) (442)
Profit before tax excluding associates and joint ventures 1,638 (17,646) 8,882
Tax at 25% (2023: 23.5%; 2022: 19%) on the above 410 (4,147) 1,688
Tax at standard rates other than UK corporation tax rate 395 619 397
Other national tax charges 277 310 244
Pillar Two income taxes 79 0 0
Permanent differences (71) 845 83
Overseas withholding taxes 168 179 156
Double taxation relief on UK profits (30) (46) (26)
Unutilised/(utilised) tax losses 33 (15) 12
Adjustments in respect of prior periods 117 (13) 41
Deferred tax relating to changes in tax rates (249) (106) (66)
Additional net deferred tax (credits)/charges (772) (498) (51)
Taxation on ordinary activities £ 357 £ (2,872) £ 2,478
Tax at 25% (2023: 23.5%; 2022: 19%) on the above 25.00% 23.50% 19.00%
Tax at standard rates other than UK corporation tax rate, percentage 24.10% (3.50%) 4.50%
Other national tax charges, percentage 16.90% (1.80%) 2.70%
Pillar Two income taxes, percentage 4.80% 0.00% 0.00%
Permanent differences, percentage (4.30%) (4.80%) 0.90%
Overseas withholding taxes, percentage 10.30% (1.00%) 1.80%
Double taxation relief on UK profits, percentage (1.80%) 0.30% (0.30%)
Unutilised/(utilised) tax losses, percentage 2.00% 0.10% 0.10%
Adjustments in respect of prior periods, percentage 7.10% 0.10% 0.50%
Deferred tax relating to changes in tax rates, percentage (15.20%) 0.60% (0.70%)
Additional net deferred tax (credits)/charges, percentage (47.10%) 2.80% (0.60%)
Total average effective tax rate 21.80% 16.30% 27.90%