4. Tax
4a. Analysis of charge for the period
The charge for the year is based on a rate of corporation tax of 28% (2008: 30%).
4b. Factors affecting the tax charge
The ÃÛÑ¿´«Ã½ World Service tax charge is based primarily on interest receivable. This means that there is a tax charge arising even though there is a deficit before tax.
4c. Factors that may affect future tax charges
ÃÛÑ¿´«Ã½ World Service anticipates a similar tax charge in future years as Grant-in-Aid, the principal component of ÃÛÑ¿´«Ã½ World Service’s income, is not subject to tax.