Results by nature of income and expense

	Tax In the tables below, income and cost totals excluding, where appropriate, the results of The Woolwich, related integration costs, restructuring costs, the results of former BZW businesses and the write-down of leases are shown to assist in the analysis of the ongoing business performance.

	The overall tax charge is explained in the following table:
		2000	1999	1998
		£m	£m	£m
	Tax charge at average UK corporation
	tax rate of 30%
	(1999 30.25%, 1998 31%)	1,049	743	583
	Deferred tax adjustments for
	the leasing business	–	–	(18)
	Prior year adjustments	9	(44)	18
	Effect of change in non-allowable
	general provisions	24	4	–
	Effect of non-allowable property
	write-downs and depreciation	6	7	9
	Net effect of differing tax rates
	overseas	(43)	(34)	(21)
	Net effect of overseas losses not
	available for relief in the UK	(5)	–	(16)
	Other non-allowable expenses	16	9	11
	Gains covered by capital losses
	brought forward	(53)	–	(4)
	Other items	(59)	(41)	(42)
	Overall tax charge	944	644	520
	Effective tax rate %	27.0	26.2	27.6

	The increase in the effective rate to 27.0% from 26.2% in 1999 reflects the gain on the sale of Dial being sheltered by capital gains tax losses offset by an increase in non-allowable general provisions and the effect of prior year adjustments.