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BP » Topics » Tax on profit on ordinary activities

This excerpt taken from the BP 20-F filed Jun 13, 2006.

Tax on profit on ordinary activities

 
   Years ended December 31,
 
 
   2004
  2003
  2002
 
 
   ($ million)
 
Current tax:              
  UK corporation tax   8,917   11,435   1,304  
  Overseas tax relief   (7,078 ) (10,293 ) (301 )
   
 
 
 
    1,839   1,142   1,003  
  Overseas   5,070   3,525   1,883  
   
 
 
 
  Group   6,909   4,667   2,886  
  Joint ventures   880   158   75  
  Associated undertakings   119   94   187  
   
 
 
 
    7,908   4,919   3,148  
   
 
 
 
Deferred tax:              
  UK   (140 ) 289   390  
  Overseas   340   931   779  
   
 
 
 
  Group   200   1,220   1,169  
  Joint ventures   170   (14 ) —  
  Associated undertakings   4   (14 ) —  
   
 
 
 
    374   1,192   1,169  
   
 
 
 
Tax on profit on ordinary activities   8,282   6,111   4,317  
   
 
 
 

        Included in the charge for the year is a credit of $261 million (2003 $123 million charge and 2002 $125 million charge) relating to exceptional items.

F - 25


This excerpt taken from the BP 20-F filed Jun 30, 2005.

Tax on profit on ordinary activities

 
   Years ended December 31,
 
 
   2004
  2003
  2002
 
 
   ($ million)
 
Current tax:              
  UK corporation tax   8,917   11,435   1,304  
  Overseas tax relief   (7,078 ) (10,293 ) (301 )
   
 
 
 
    1,839   1,142   1,003  
  Overseas   5,070   3,525   1,883  
   
 
 
 
  Group   6,909   4,667   2,886  
  Joint ventures   880   158   75  
  Associated undertakings   119   94   187  
   
 
 
 
    7,908   4,919   3,148  
   
 
 
 
Deferred tax:              
  UK   (140 ) 289   390  
  Overseas   340   931   779  
   
 
 
 
  Group   200   1,220   1,169  
  Joint ventures   170   (14 ) —  
  Associated undertakings   4   (14 ) —  
   
 
 
 
    374   1,192   1,169  
   
 
 
 
Tax on profit on ordinary activities   8,282   6,111   4,317  
   
 
 
 

        Included in the charge for the year is a credit of $261 million (2003 $123 million charge and 2002 $125 million charge) relating to exceptional items.

EXCERPTS ON THIS PAGE:

20-F
Jun 13, 2006
20-F
Jun 30, 2005

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