Taxation (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Disclosure Of Income Tax Text Block Abstract |
|
| Schedule of tax credit |
| |
|
Year ended
December 31 |
|
|
Year ended
December 31 |
|
|
Year ended
December 31 |
|
| |
|
2022
£’000 |
|
|
2021
£’000 |
|
|
2020
£’000 |
|
| |
|
|
|
|
|
|
|
|
|
| Current tax: |
|
|
|
|
|
|
|
|
|
| Adjustment in respect of prior years |
|
|
- |
|
|
|
190 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred tax: |
|
|
|
|
|
|
|
|
|
|
|
|
| Origination and reversal of timing differences |
|
|
(5,997 |
) |
|
|
(3,867 |
) |
|
|
(969 |
) |
| Adjustment in respect of prior years |
|
|
- |
|
|
|
191 |
|
|
|
- |
|
| Effect of tax rate change on opening balance |
|
|
(1,355 |
) |
|
|
1,324 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Tax credit |
|
|
(7,352 |
) |
|
|
(2,162 |
) |
|
|
(969 |
) |
|
| Schedule of tax credit |
| |
|
Year ended
December 31 |
|
|
Year ended
December 31 |
|
|
Year ended
December 31 |
|
| |
|
2022
£’000 |
|
|
2021
£’000 |
|
|
2020
£’000 |
|
| |
|
|
|
|
|
|
|
|
|
| Loss before tax from continuing operations |
|
|
(525,474 |
) |
|
|
(531,454 |
) |
|
|
(99,847 |
) |
| Loss before tax from discontinued operations |
|
|
(188,422 |
) |
|
|
(17,759 |
) |
|
|
(3,809 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Current corporation tax rate of 19% |
|
|
(99,840 |
) |
|
|
(98,727 |
) |
|
|
(18,971 |
) |
| Impact of difference in overseas tax rates |
|
|
(17 |
) |
|
|
- |
|
|
|
- |
|
| Expenses not deductible for tax purposes |
|
|
977 |
|
|
|
55,356 |
|
|
|
1,238 |
|
| Adjustment in respect of previous periods |
|
|
- |
|
|
|
381 |
|
|
|
- |
|
| Impact of rate change |
|
|
(1,355 |
) |
|
|
1,402 |
|
|
|
- |
|
| Deferred tax asset not recognized |
|
|
35,867 |
|
|
|
64,336 |
|
|
|
17,733 |
|
| Impact of share scheme |
|
|
9,089 |
|
|
|
- |
|
|
|
- |
|
| Impairment of goodwill |
|
|
47,927 |
|
|
|
- |
|
|
|
- |
|
| Utilization of deferred tax previously unrecognized |
|
|
- |
|
|
|
(23,862 |
) |
|
|
- |
|
| Difference between corporation tax and deferred tax rate |
|
|
- |
|
|
|
(423 |
) |
|
|
- |
|
| Benefit of tax incentives |
|
|
- |
|
|
|
(625 |
) |
|
|
- |
|
| Research and development claim – prior year |
|
|
- |
|
|
|
- |
|
|
|
(969 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Tax credit |
|
|
(7,352 |
) |
|
|
(2,162 |
) |
|
|
(969 |
) |
|
| Schedule of deferred tax |
| |
|
At
December 31 |
|
|
At
December 31 |
|
| |
|
2022
£’000 |
|
|
2021
£’000 |
|
| |
|
|
|
|
|
|
| Deferred tax assets |
|
|
|
|
|
|
| Share-based payments |
|
|
622 |
|
|
|
10,822 |
|
| Losses |
|
|
506 |
|
|
|
2,081 |
|
| Short-term timing differences |
|
|
- |
|
|
|
119 |
|
| Other temporary differences |
|
|
- |
|
|
|
67 |
|
| Total deferred tax assets recognized |
|
|
1,128 |
|
|
|
13,089 |
|
| |
|
|
|
|
|
|
|
|
| Deferred tax liabilities |
|
|
|
|
|
|
|
|
| Fixed asset temporary differences |
|
|
- |
|
|
|
(5,280 |
) |
| Intangible asset differences |
|
|
- |
|
|
|
(6,632 |
) |
| Other temporary differences |
|
|
(1,128 |
) |
|
|
(1,263 |
) |
| Total deferred tax liabilities |
|
|
(1,128 |
) |
|
|
(13,175 |
) |
| |
|
|
|
|
|
|
|
|
| Deferred tax liabilities, net |
|
|
- |
|
|
|
(86 |
) |
|
| Schedule of deferred tax liabilities |
| |
|
£’000 |
|
| |
|
|
|
| At December 31, 2020 |
|
|
- |
|
| |
|
|
|
|
| Income tax recognized in the income statement |
|
|
6,084 |
|
| Prior year adjustments |
|
|
(191 |
) |
| Business combinations |
|
|
(13,404 |
) |
| Equity |
|
|
7,425 |
|
| At December 31, 2021 |
|
|
(86 |
) |
| |
|
|
|
|
| Income tax recognized in the income statement |
|
|
9,989 |
|
| Prior year adjustments |
|
|
23 |
|
| Business combinations |
|
|
(2,501 |
) |
| Equity |
|
|
(7,425 |
) |
| At December 31, 2022 |
|
|
- |
|
|