v3.23.3
Tax On Profit On Ordinary Activities (Tables)
 12 Months Ended
Jun. 30, 2023
Income Taxes [Abstract]  
Summary of analysis of charge/(credit) in the year
Analysis of charge / (credit) in the year
2023
 £’000		2022
 £’000		2021
£’000
U.K. corporation tax based on the results for the year ended 30 June 2023 at 20.5% (2022 : 19%, 2021: 19%)
£8,141 £7,970 £3,628 
Overseas tax16,120 11,859 10,276 
Adjustment in respect of prior periods4,895 751 20 
Current Tax29,156 20,580 13,924 
Deferred Tax(9,156)(1,294)(3,006)
Total tax£20,000 £19,286 £10,918 
Reconciliation of the tax rate on group profits
Reconciliation of the tax rate on group profits
202320222021
£’000%£’000%£’000%
Profit on ordinary activities before taxation£114,163 £102,379 £54,368 
Profit on ordinary activities at U.K. statutory rate
23,403 20.519,452 19.010,330 19.0
Differences in overseas tax rates(267)(0.2)(2,467)(2.4)(1,150)(2.1)
Impact of share-based compensation1,390 1.21,223 1.2897 1.5
Non taxable fair value movement on financial liabilities(2,430)(2.1)— —— —
Tax incentives and non deductible items(867)(0.8)(1,359)(1.3)201 0.4
Adjustments related to prior periods(354)(0.3)(502)(0.5)(300)(0.6)
Tax on unremitted earnings/withholding tax on dividends1,209 1.12,876 2.8852 1.6
Impact of rate change on deferred tax(2,084)(1.8)63 0.188 0.2
Total£20,000 17.5%£19,286 18.8%£10,918 20.1%
Summary of tax on items charged to equity and statement of comprehensive income
Tax on items charged to equity
2023
 £’000		2022
 £’000		2021
 £’000
Deferred tax - share-based compensation£3,919 £5,101 £(3,270)
Current tax - share-based compensation(2,318)(8,290)(6,639)
Total charge/ (credit) to equity£1,601 £(3,189)£(9,909)