9. Tax on profit on ordinary activities

	Year ended 31 December 2004 £m	Year ended 31 December 2003 £m
a) Analysis of charge in year
Current taxation
UK corporation tax (credit)/charge at 30% (year ended 31 December 2003: 30%)	(2)	26
Foreign taxation	18	13
Share of joint ventures' taxation	4	2
Share of associates' taxation	13	16
Total current taxation charge for year	33	57
Deferred taxation
Origination and reversal of timing differences	12	(30)
Share of joint ventures' deferred taxation	–	1
Total deferred taxation charge/(credit) for year	12	(29)
Total taxation for the year	45	28
Included in the tax on profit are the following amounts relating to exceptional items:
Operating exceptional items (deferred tax)	–	(27)
Non–operating exceptional items (current tax)	–	2
Exceptional interest charges (current tax)	–	(1)
Taxation credit on exceptional items	–	(26)

b) Reconciliation of current tax rate
The tax charge for the year on ordinary activities varied from the standard rate of UK corporation tax as follows:

	Year ended 31 December 2004			Year ended 31 December 2003
	Current tax £m	Deferred tax £m	Total £m	Current tax £m	Deferred tax £m	Total £m
Corporation tax at 30%	49	–	49	52	–	52
Permanent differences	18	–	18	6	–	6
Origination or reversal of timing differences	(12)	12	–	2	(2)	–
Tax holidays	(12)	–	(12)	(10)	–	(10)
Adjustment in relation to prior years	(3)	–	(3)	–	–	–
Effect of tax rate applied to overseas earnings	(7)	–	(7)	6	–	6
Tax charge for the year before exceptional items	33	12	45	56	(2)	54
Exceptional items	–	–	–	1	(27)	(26)
Tax charge for the year	33	12	45	57	(29)	28

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