v3.24.3
Tax On Profit On Ordinary Activities (Tables)
 12 Months Ended
Jun. 30, 2024
Income Taxes [Abstract]  
Summary of analysis of charge/(credit) in the year
Analysis of charge / (credit) in the year
2024
 £’000		2023
 £’000		2022
£’000
U.K. corporation tax based on the results for the year ended 30 June 2024 at 25.0% (2023 : 20.5%, 2022: 19%)
£(1,667)£8,141 £7,970 
Overseas tax12,746 16,120 11,859 
Adjustment in respect of prior periods(2,878)4,895 751 
Current Tax8,201 29,156 20,580 
Deferred Tax1,657 (9,156)(1,294)
Total tax£9,858 £20,000 £19,286 
Reconciliation of the tax rate on group profits
Reconciliation of the tax rate on group profits
202420232022
£’000%£’000%£’000%
Profit on ordinary activities before taxation£26,980 £114,163 £102,379 
Profit on ordinary activities at U.K. statutory rate
6,745 25.023,403 20.519,452 19.0
Differences in overseas tax rates(5,094)(18.9)(267)(0.2)(2,467)(2.4)
Impact of share-based compensation4,182 15.51,390 1.21,223 1.2
Non taxable fair value movement on financial liabilities(2,338)(8.7)(2,430)(2.1)— —
Tax incentives and non deductible items(663)(2.5)(867)(0.8)(1,359)(1.3)
Adjustments related to prior periods2,760 10.2(354)(0.3)(502)(0.5)
Tax on unremitted earnings/withholding tax on dividends2,373 8.81,209 1.12,876 2.8
Impact of rate change on deferred tax1,893 7.0(2,084)(1.8)63 0.1
Total£9,858 36.5%£20,000 17.5%£19,286 18.8%
Summary of tax on items charged to equity and statement of comprehensive income
Tax on items charged to equity
2024
 £’000		2023
 £’000		2022
 £’000
Deferred tax - share-based compensation£368 £3,919 £5,101 
Current tax - share-based compensation(311)(2,318)(8,290)
Total charge/ (credit) to equity£57 £1,601 £(3,189)