XML 263 R83.htm IDEA: XBRL DOCUMENT v3.25.1
Taxation - Reconciliation of the taxation rate (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Taxation      
Profit before tax £ 1,910 £ 1,628 £ 1,618
UK statutory rate of taxation of 23.5% 478 383 307
Differences in overseas taxation rates (18) (2) 72
Benefit of substance-based tax rulings (5) (21) (15)
R&D tax credits (6) (6) (3)
Tax losses not recognised     1
Permanent differences on disposals, acquisitions and transfers (35) 155  
Items non-deductible/taxable for tax purposes 64 55 56
Reassessment of prior year estimates (50) (65) 5
Changes in tax rates 7 18 76
Total tax charge £ 435 £ 517 £ 499
Standard rate of corporation tax 25.00% 23.50% 19.00%