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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure Of Components Of Income Tax Expense Benefit [Abstract]  
Summary of Components of Income Tax Expense (Benefit) as follows
In thousands of euro202120202019
Current tax
Current year(3,404)(2,186)(294)
Other taxes— (431)(5)
True up adjustments for taxes for prior years(178)22,040 7,163 
Total current tax income(3,582)19,423 6,864 
Deferred tax
True up adjustments for taxes for prior years984 954 — 
Relating to origination and reversal of temporary differences(495)(2,575)65 
Relating to changes in tax rates(3,258)
Total deferred tax(2,769)(1,621)65 
Total tax income recognized in consolidated statement of profit or loss(6,351)17,802 6,929 
Summary of Movements In Deferred Tax Balances
B.    Movements in deferred tax balances

In thousands of euro20212020
At January 1,(1,616)159 
Deferred tax (expense)/income(2,769)(1,621)
Additions through business combinations— (56)
Foreign exchange differences(290)(98)
At December 31,(4,675)(1,616)
C.    Breakdown of net deferred tax balance
In thousands of euro20212020
RDEC4,730 — 
Tax losses27,396 14,213 
Other differences459 202 
Tangible and Intangible fixed assets(37,260)(16,031)
Net deferred tax(4,675)(1,616)
Summary of Unrecognised Deferred Tax Assets As Follows
Deferred tax assets have not been recognized in respect of the following items, because it is not sufficiently certain at this stage, the amount of future taxable profit that will be available against which the Group can use the benefits therefrom.

In thousands of euro20212020
Tax losses109,159 32,327 
Share options— 149 
Tangible and Intangible fixed assets— 1,063 
Other temporary differences1,860 2,096 
Total111,019 35,635 

E.    Tax losses carried forward

202120202019
In thousands of euroGross
amount		Tax
effect		Gross
amount		Tax
effect		Gross
amount		Tax
effect
Tax losses437,986 109,159 162,574 32,327 60,009 10,224 
Summary of Tax Losses Carried Forward As Follows
Tax losses for which no deferred tax asset was recognized and expire as follows:
In thousands of euro202120202019
Expiry before 203824,703 22,770 7,457 
No expiry413,283 139,804 133,988 
Summary of Reconciliation of Effective Tax Rate As Follows Reconciliation of effective tax rate
In thousands of euro202120212020202020192019
Loss before tax from continuing operations(1,097,224)(101,017)(55,025)
Tax rate using the Company’s domestic tax rate24.94 %(273,648)24.94 %(25,194)24.94 %(13,723)
Effect of tax rates in foreign jurisdictions(1.06 %)11,674 (4.17 %)4,212 (5.97 %)3,283 
Effects of other tax reliefs0.09 %(962)— %— — %— 
Non-deductible expenses
(23.35 %)256,191 (2.70 %)2,727 (0.31 %)172 
Tax exempt income/tax incentives3.46 %(37,917)0.85 %(855)0.03 %(16)
Current year losses for which no deferred tax asset is recognized(4.63 %)50,828 (23.46 %)23,696 (19.10 %)10,511 
True up adjustments for taxes for prior years*0.07 %(806)22.76 %(22,994)13.02 %(7,162)
Tax rate changes(0.30 %)3,316 — %— — %— 
Deferred tax asset recognized on prior year intercompany profit elimination0.21 %(2,345)— %— — %— 
Other domestic taxes— %20 (0.60 %)606 (0.01 %)6 
Income tax income(0.58)%6,351 17.62 %(17,802)12.59 %(6,929)
*True up adjustment for taxes for prior years relate to changes in estimates to UK R&D claims for prior periods, which were calculated and submitted in 2020.