Company: LBTYK
Filing Date: 2025-03-25
Form Type: 10-K/A
Source: 0001570585-25-000097
Chunk: 53

Company: Liberty Global Ltd.
Filing Date: 2025-03-25
Form: 10-K/A
Chunk 53
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  233.4 |     | £ |  -23.6 |

_______________

(a) On 10 June 2021, legislation was enacted in the U.K. to increase the U.K. corporate income tax rate to 25.0% from April 1, 2023. The statutory or "expected" tax rates for 2024, 2023 and 2022 are the U.K. corporate income tax rates of 25.0%, 23.5% and 19.0%, respectively. The 2023 statutory rate represents a blended rate in effect for the year ended 31 December 2023 based on the 19.0% statutory rate that was in effect for the first quarter of 2023 and the 25.0% statutory rate that was in effect for the remainder of 2023.

<div align='center'>IV-45</div>

#### VMED O2 UK LIMITED

### Notes to Consolidated Financial Statements — (Continued)

#### 31 December 2024, 2023 and 2022
(b) Amounts reflect the net impact of differences in the treatment of income and loss items between financial reporting and tax accounting related to investments in subsidiaries and affiliates, including the effects of undistributed earnings.

(c) The U.K. “super-deduction” provided a permanent tax benefit for the cost of qualifying capital expenditures, as well as accelerating tax allowances on expenditures during the period 1 April 2021 to 31 March 2023. The 2024 amount reflects an adjustment to the tax benefit associated with the 2023 expenditures.

As of 31 December 2024 and 2023, net deferred tax assets aggregated £417.8 million and £400.9 million, respectively, and are included within other assets, net, on our consolidated balance sheets.

The tax effects of temporary differences and carryforwards that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:

|                                                 |     | 31 December |          |     |      |          |
|                                                 |     |        2024 |          |     | 2023 |          |
|                                                 |     | in millions |          |     |      |          |
| Deferred tax assets:                            |     |             |          |     |      |          |
| Capital and net operating loss carryforwards    |     |           £ |  3,246.2 |     |    £ |  3,