Notes 1-10

6. Tax on profit on ordinary activities

20152014
€’000€’000
Analysis of taxation charge in the period
Current tax
Irish corporation tax on profit for the period--
Adjustments in respect of previous periods(69)-
(69)-
Foreign tax
Foreign corporation tax on profit for the period19,8239,567
Adjustments in respect of previous periods(815)307
19,0089,874
Total current tax18,9399,874
Deferred tax
Origination and reversal of timing differences(1,049)(3,968)
Impact of changes in tax rates(231)-
Tax on profit on ordinary activities17,6595,906
Tax expense/(income) included in Other Comprehensive Income2,988(4,409)
Reconciliation of effective tax rate
The total tax charge for the year is different from the standard rate of corporation tax in Ireland of 12.5%. The differences are explained below.
Profit on ordinary activities before taxation72,49124,698
Profit on ordinary activities at the standard rate of corporation tax in Ireland of 12.5%9,0613,087
Effects of:
Foreign rates of tax different from Irish rates9,5843,757
Non utilisation of tax losses (net)2,67568
Expenses/income not deductible/taxable (net)(1,199)(146)
Movement in other timing differences(1,578)(1,167)
Adjustments in respect of prior periods(884)307
Total tax charge for the period17,6595,906

The only significant change during 2015 in the tax rates applying to the Group’s subsidiaries was the change in the UK corporation tax rate from 21% to 20% on 1 April 2015.