v3.26.1
Tax - Schedule of relationship between tax expense and accounting profit (Details) - GBP (£)
£ in Millions
6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Income taxes paid (refund) [abstract]      
Profit before tax £ 4,293 £ 3,157 £ 3,504
UK corporation tax thereon at 25.0% (2025: 25.0%) (1,073) (789) (876)
Impact of surcharge on banking profits (94) (81) (86)
Non-deductible costs: conduct charges 0 (71) 1
Non-deductible costs: bank levy 0 (33) 0
Other non-deductible costs (43) (4) (68)
Non-taxable income 34 65 34
Tax relief on coupons on other equity instruments 57 55 61
Non-taxable (non-deductible) foreign exchange gains (losses) 15 (1) (74)
Tax-exempt gains on disposals 62 37 25
Tax losses where no deferred tax recognised 4 (3) (4)
Differences in overseas tax rates (2) (12) 7
Policyholder tax in respect of the life assurance business (18) (36) (35)
Deferred tax in respect of life assurance policyholder tax (106) (79) (40)
Adjustments in respect of prior years (6) 11 95
Tax effect of share of results of joint ventures 0 (3) 0
Provision for Pillar 2 current income taxes 0 0 0
Tax expense £ (1,170) £ (944) £ (960)