Deferred taxation |
12 Months Ended |
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Dec. 31, 2022 | |
| Deferred taxation |
19. Deferred taxation
The Group has not recognized a deferred tax asset in respect of tax losses carried forward and other timing differences as at December 31, 2022 on the basis that the availability of future taxable profits against which to offset the losses cannot be determined with reasonable certainty.
The Group has tax losses carried forward of £17,733,217 (2021: £14,326,058) that are available for offset against future taxable profits and do not expire.
The unrecognized deferred tax asset at 25% mainly consists of losses of £4,433,305 (2021 at 25%: £3,581,514).
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- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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