Company: RKLIF
Filing Date: 2025-03-06
Form Type: 6-K
Source: 0001654954-25-002335
Chunk: 26

Company: RENTOKIL INITIAL PLC /FI
Filing Date: 2025-03-06
Form: 6-K
Chunk 26
---
22 |
| Total finance                             
 income                                    |   46 |   48 |   49 |

5. Income tax expense

Analysis of charge in the year:

|                                    | 2024 
   £m | 2023 
   £m | 2022 
   £m |
| Current tax                        
 expense                            |   89 |   94 |   76 |
| Adjustment in respect of previous  
 periods                            |    5 |   -8 |    2 |
| Total current                      
 tax                                |   94 |   86 |   78 |
| Deferred tax                       
 expense/(credit)                   |   11 |   30 |   -3 |
| Deferred tax adjustment in respect 
 of previous periods                |   -7 |   -4 |  -11 |
| Total deferred                     
 tax                                |    4 |   26 |  -14 |
| Total income tax                   
 expense                            |   98 |  112 |   64 |

The income tax expense for the period comprises both current and deferred tax. Current tax expense represents the amount payable on this year’s taxable profits and any adjustment relating to prior years. Deferred tax is an accounting adjustment to provide for tax that is expected to arise in the future due to differences between accounting and tax bases. Deferred tax is determined using tax rates that are expected to apply when the timing difference reverses based on tax rates which are enacted or substantively enacted at the balance sheet date. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or equity. In this case the tax is also recognised in other comprehensive income or equity as appropriate.

The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Group’s subsidiaries and associates operate and generate taxable income.

Deferred income tax is provided on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the Consolidated Financial Statements. The following temporary differences are not provided for: the initial recognition of goodwill; the initial recognition of assets or liabilities in transactions other than a business combination that at the time of the transactions affect neither the accounting nor taxable profit or loss; and differences relating to investments in subsidiaries to the extent that they will probably not reverse in the foreseeable future. The amount of deferred income tax is determined using tax rates (and laws) that have been enacted (or substantively enacted) at the balance sheet date, and