This is stated after charging:
| 2022 | 2021 |
|---|
| £000 | £000 |
|---|
| Operating lease rentals: motor vehicles | 79 | 89 |
|---|
| Operating lease rentals: photocopiers | 10 | 12 |
|---|
| Operating lease rentals: buildings | 1,240 | 1,240 |
|---|
| Depreciation of tangible fixed assets | 651 | 663 |
|---|
| Amortisation of intangible fixed assets | 227 | 383 |
|---|
| Auditor's remuneration: audit services - Crowe | 23 | 23 |
|---|
2022 2021
£000 £000
UK corporation tax at 19% in the year 55 28
Under provision in respect of prior year (1) 1
Current tax charge 54 29
Deferred tax charge at 25% in the year 85 114
139 143
Corporation tax is only payable on interest receivable and data subscription income, net of attributable costs, in the year.
The UK government has proposed an increase in the main corporation tax rate of 6% to 25% from 1 April 2023, which has been substantively enacted. Following the substantive enactment of the new rate the deferred tax liability is measured accordingly.