Income tax (expense)/credit (Tables)

12 Months Ended

Jun. 30, 2026

Income tax credit

Schedule of income tax (expense)/credit


		2026		2025		2024
		£’000		£’000		£’000
Current tax:
Current tax on loss for the year		(195)		(230)		(270)
Adjustment in respect of previous years		44		54		23
Foreign tax		(399)		(911)		(1,747)
Total current tax expense		(550)		(1,087)		(1,994)
Deferred tax:
UK deferred tax:
Origination and reversal of temporary differences		4,591		8,066		19,663
Adjustment in respect of previous years		(10)		(338)		(104)
Total UK deferred tax credit (Note 17)		4,581		7,728		19,559
Total income tax credit		4,031		6,641		17,565

Schedule of reconciliation of the total income tax expense


		2026		2025		2024
		£’000		£’000		£’000
Loss before income tax		(46,985)		(39,664)		(130,724)
Loss before tax multiplied by UK corporation tax rate of 25.0% (2025 and 2024: 25.0% - UK corporation tax rate)		11,746		9,916		32,681
Tax effects of:
Adjustment in respect of previous years		34		(284)		(82)
Expenses not deductible for tax purposes⁽¹⁾		(1,362)		(2,080)		(13,287)
Irrecoverable foreign tax credits		(399)		(911)		(1,747)
Deferred tax asset arising in the year not recognized⁽²⁾		(5,988)		—		—
Total income tax credit		4,031		6,641		17,565

(1)

The tax effect of expenses not deductible for tax purposes amounted to £13,287,000 in the fiscal year ending 30 June 2024. The significant increase in the year ending 30 June 2024 was due to strategic review costs which were recognised in Manchester United plc. As Manchester United Plc is not in the UK tax net these costs were not tax deductible.

(2)

During the year ended 30 June 2026, the Group generated tax losses that would give rise to a deferred tax asset of £26,117,000. Of this amount, £5,988,000 has not been recognised because there is insufficient evidence that future taxable profits will be available against which the asset can be utilized. The unrecognised deferred tax asset will be reviewed at each reporting date and recognized when recovery is deemed probable.

Schedule of amounts relating to tax that have been recognized in other comprehensive income


		2026		2025		2024
		£’000		£’000		£’000
UK deferred tax (Note 17)		289		(408)		1,667
Total income tax credit/(expense) recognized in other comprehensive (loss)/income		289		(408)		1,667