v3.26.1
Tax - Schedule of effective tax rate reconciliation (Details) - GBP (£)
£ in Millions
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Income taxes paid (refund) [abstract]      
Profit before tax from continuing operations £ 4,182 £ 3,650 £ 3,048
Profit before tax from continuing operations multiplied by UK corporation tax rate of 25% (2025: 25%; 2024: 25%) 1,046 913 762
Adjustments in respect of prior years (10) (11) (9)
Expenses not deductible for tax purposes 58 40 155
Non-taxable income (150) (107) (43)
Adjustment in respect of foreign tax rates 14 4 (20)
Deferred tax impact of change in UK tax rate 0 0 0
Adjustment in respect of post-tax profits of joint ventures and associates included within profit before tax (19) (18) (9)
Other 0 0 (5)
Total tax charge from continuing operations £ 939 £ 821 £ 831
Effective tax rate – continuing operations 22.50% 22.50% 27.30%