XML 150 R131.htm IDEA: XBRL DOCUMENT v3.22.4
Tax - Reconciliation between the actual tax charge and the corporate tax rate (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]      
Profit before tax £ 4,867 £ 5,418 £ 3,075
Tax charge based on the standard UK corporation tax rate of 19% (2021: 19%, 2020: 19%) 925 1,029 584
Impact of profits/losses earned in territories with different statutory rates to the UK (weighted average tax rate is 22.3% (2021: 24.0%, 2020: 25.0%)) 160 273 183
Recurring items:      
Non-creditable taxes including withholding taxes 117 124 107
Non-deductible expenses 28 61 28
Impact of UK bank levy being non-deductible 28 25 48
Impact of Barclays Bank PLC's overseas branches being taxed both locally and in the UK 17 25 25
Tax adjustments in respect of share-based payments 10 (5) 14
Banking surcharge and other items (39) (48) (70)
Non-taxable gains and income (129) (152) (180)
Tax relief on payments made under AT1 instruments (136) (113) (124)
Changes in recognition of deferred tax and effect of unrecognised tax losses (146) (140) (123)
Adjustments in respect of prior years (157) 105 194
Tax relief on holdings of inflation-linked government bonds (510) (157) (20)
Non-recurring items:      
Remeasurement of UK deferred tax assets due to tax rate changes 183 (218) (43)
Non-deductible provisions for investigations and litigation 85 0 (6)
Non-deductible provisions for UK customer redress 49 21 7
Tax charge £ 485 £ 830 £ 624
Tax, percentage      
Applicable tax rate 19.00% 19.00% 19.00%
Tax rate impact of profits/losses earned in territories with different statutory rates to the UK 3.30% 5.00% 6.00%
Recurring items, percentages      
Non-creditable taxes including withholding taxes, percentage 2.40% 2.30% 3.40%
Non-deductible expenses, percentage 0.60% 1.10% 0.90%
Impact of UK bank levy being non-deductible, percentage 0.60% 0.50% 1.60%
Impact of Barclays Bank PLC's overseas branches being taxed both locally and in the UK, percentage 0.30% 0.50% 0.80%
Tax adjustments in respect of share-based payments, percentage 0.20% (0.10%) 0.50%
Banking surcharge and other items, percentage (0.80%) (0.90%) (2.30%)
Non-taxable gains and income, percentage (2.60%) (2.80%) (5.90%)
Tax relief on payments made under AT1 instruments, percentage (2.80%) (2.10%) (4.00%)
Changes in recognition of deferred tax and effect of unrecognised tax losses, percentage (3.00%) (2.60%) (4.00%)
Adjustments in respect of prior years, percentage (3.20%) 1.90% 6.30%
Tax relief on holdings of inflation linked government bonds, percentage (0.105) (0.029) (0.006)
Non-recurring items, percentages      
Remeasurement of UK deferred tax assets due to tax rate changes, percentage 3.80% (4.00%) (1.40%)
Non-deductible provisions for investigations and litigation, percentage 1.70% 0.00% (0.20%)
Non-deductible provisions for UK customer redress, percentage 1.00% 0.40% 0.20%
Total tax charge, percentage 10.00% 15.30% 20.30%
UK banking surcharge rate 8.00% 8.00% 8.00%
Weighted average      
Tax, percentage      
Tax rate impact of profits/losses earned in territories with different statutory rates to the UK 22.30% 24.00% 25.00%