JD Sports Results Presentation Deck
Effective Tax %
Basic Tax Rate
Net Non Deductible Expenses
Non Deductible Movement on Put Options
Non Qualifying Depreciation / Impairment
Effect of Overseas Tax Rate
Other Taxes Due (1)
Prior Year Adjustments
Other
FULL YEAR RESULTS
Split of Total Effective Tax Rate %
UK (2)
Overseas
Operating
%
19.0
0.8
0.5
1.6
2.8
(1.8)
(1.6)
21.3
Jan 2022
Exceptionals
%
8.5
I
I
8.5
Total
%
19.0
0.8
8.5
0.5
1.6
2.8
(1.8)
(1.6)
29.8
42.4
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24.1
2022
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Jan 2021
Operating Exceptionals
%
19.0
1.9
1.1
2.1
2.6
(2.2)
1.5
26.0
%
0.3
1.2
1.6
3.1
(1) Other taxes due are primarily in respect of US state taxes but also includes other taxes payable in other jurisdictions
(2) The increase above mainstream rate (19%) is mainly due to a non-deductible put option charge. As this is recognised in the UK, it increases the UK effective tax rate
The expected annual impact of the increase in the UK tax rate (from mainstream 19% to 25%) from 1 April 2023 on the Group effective tax rate is 3.0%
JD Group
Total
%
19.0
2.2
1.2
2.7
2.1
2.6
(2.2)
1.5
29.1
25.8
32.0View entire presentation