10. Accrued expenses and other liabilities | | | | | | | | | | | | | At March 31, | | | | | 2026 | | 2025 | | 2024 | | | | | €M | | €M | | €M | Accruals | | | | 2,221.6 | | 1,953.5 | | 1,603.1 | Indirect tax and duties | | | | 800.8 | | 793.7 | | 725.5 | Unearned revenue (contract liabilities) | | | | 3,419.6 | | 3,432.2 | | 2,899.0 | | | | | 6,442.0 | | 6,179.4 | | 5,227.6 | | | | | | | | | | | | | | | | | | | Contract liabilities comprise: | | | | At March 31, | | | | | 2026 | | 2025 | | 2024 | | | | | €M | | €M | | €M | Opening contract liabilities | | | | 3,432.2 | | 2,899.0 | | 2,786.5 | Revenue deferred during the year | | | | 14,606.2 | | 13,637.4 | | 12,840.8 | Revenue recognized during the year | | | | (14,618.8) | | (13,104.2) | | (12,728.3) | Closing contract liabilities | | | | 3,419.6 | | 3,432.2 | | 2,899.0 |
Indirect tax and duties comprise: | | | | | | | | | | | | | At March 31, | | | | | 2026 | | 2025 | | 2024 | | | | | €M | | €M | | €M | PAYE (payroll taxes) | | | | 33.1 | | 39.4 | | 31.6 | Other tax (principally air passenger duty in various countries) | | | | 767.7 | | 754.3 | | 693.9 | | | | | 800.8 | | 793.7 | | 725.5 |
Creditors for tax and social insurance are payable in the timeframe set out in the relevant legislation.
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