Income Taxes |
6 Months Ended | ||
|---|---|---|---|
Sep. 30, 2024 | |||
| Income Taxes [Abstract] | |||
| Income Taxes |
The effective tax rate for the three months and six months ended September 30, 2024 was 6.1% and 4.8% of pre tax losses (2023: 0% and 117.4%) respectively. Our effective tax rate is lower than the statutory US federal income tax rate of 21% due to the Company’s policy to recognize valuation allowances for carried forward losses in the US, UK and all other markets, excluding Australia. This policy is consistent with the Company’s policy for the year ended March 31. 2024. |