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Note 10 - Taxation
 12 Months Ended
Jun. 30, 2020
Statement Line Items [Line Items]  
Disclosure of income tax [text block]
1
0
.
Taxation
 
 
(a)
Tax (charge)/credit
 
   
Year Ended
June 30
   
Three Months
Ended June 30
    
Year Ended March 31
  
(US dollars in thousands)
  
20
20
    
2019
    
201
9
    
201
8
  
Current tax
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
UK corporation tax
    
-
      
-
      
29
      
(29
)
Foreign tax
    
53
      
(162
)
    
(217
)
    
2,279
  
Total current tax
  
 
53
      
(162
)
    
(188
)
    
2,250
  
                                 
Deferred tax
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Current year
                                
UK tax
    
(202
)
    
-
      
267
      
(370
)
Foreign tax
    
(564
)
    
70
      
(636
)
    
4,378
  
Total deferred tax
 
 
(766
)
    
70
      
(369
)
    
4,008
  
                                 
Total
income tax
  
 
(713
)
    
(92
)
    
(557
)
    
6,258
  
 
The difference between the total tax charge and the amount calculated by applying the weighted average corporation tax rates applicable to each of the tax jurisdictions in which the Group operates to the profit before tax is shown below.
 
 
(US dollars in thousands)
  
Year Ended
June 30
   
Three Months
Ended June 30
   
Year Ended March 31
  
   
2020
    
2019
    
2019
    
201
8
  
Loss before
income
tax
    
(4,390
)
    
(1,354
)
    
(10,666
)
    
(34,137
)
Group weighted average corporation tax rate
    
24.6
 %    
22.0
 %    
21.8
 %    
22.8
 %
Tax at standard rate
    
1,080
      
297
      
2,325
      
7,772
  
Effects of:
                                
Expenses that are not deductible for tax purposes
    
(106
)
    
(49
)
    
41
      
(3,872
)
Adjustment to prior year tax provisions
    
-
      
-
      
(64
)
    
2,358
  
Deferred tax assets not recognized on tax losses
    
(1,687
)
    
(340
)
    
(2,859
)
    
-
  
Total
income
tax
for the
period Recognized
in the
Consolidate
d
Statement
of
Comprehensive
Income
  
 
(713
)
    
(92
)
    
(557
)
    
6,258
  
 
 
(
b
)
Deferred tax
 
(US dollars in thousands)
  
As at June 30
    
As at
March 31
  
   
20
20
    
2019
    
201
9
    
2018
  
Deferred tax assets
    
1,347
      
2,113
      
2,054
      
2,570
  
Deferred tax liabilities
    
-
      
(1
)
    
(1
)
    
(26
)
Net deferred tax asset/(liability)
  
 
1,347
      
2,112
      
2,053
      
2,544
  
 
These assets and liabilities are analyzed as follows:
 
Deferred tax assets
  
Tax losses
    
Other timing
differences
    
Total
  
March 31, 2018
  
 
1,585
    
 
985
    
 
2,570
  
Credit/(charged) to comprehensive income
    
(580
)
    
64
      
(516
)
March 31, 201
9
  
 
1,005
    
 
1,049
    
 
2,054
  
Credit/(charged) to comprehensive income
    
-
      
59
      
59
  
June
3
0
, 2019
  
 
1,005
    
 
1,108
    
 
2,113
  
Credit/(charged) to comprehensive income
    
(191
)
    
(575
)
    
(766
)
June
3
0
, 20
20
  
 
814
    
 
533
    
 
1,347
  
 
Deferred tax liabilities
  
Accelerated
allowances
    
Other timing
differences
    
Total
  
March
31,
2018
  
 
(8
)
  
 
(18
)
  
 
(26
)
Credit/(charged) to comprehensive income
    
7
      
18
      
25
  
March 31, 201
9
  
 
(1
)
  
 
-
    
 
(1
)
Credit/(charged) to comprehensive income
    
-
      
-
      
-
  
June
3
0
, 2019
  
 
(1
)
  
 
-
    
 
(1
)
Credit/(charged) to comprehensive income
    
1
      
-
      
1
  
June
3
0
, 20
20
  
 
-
    
 
-
    
 
-
  
 
Deferred tax has been recognized in the current period using the tax rates applicable to each of the tax jurisdictions in which the Group operates. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities.