TaxationThe net tax charge for 2008 was a net charge of £238 million and comprised a charge of £581 million on the profit before taxation and specific items, offset by a tax credit of £343 million on specific items. The tax charge on profit before taxation and specific items was at an effective rate of 23.2% (2007: 24.5%, 2006: 24.5%) .The net tax credit in 2007 was £368 million and comprised a charge of £611 million on profit before taxation and specific items, offset by a tax credit of £41 million on certain specific items and a further specific tax credit of £938 million arising on the settlement of substantially all open UK tax matters relating to ten tax years up to and including the 2004/05 year. The net tax charge for 2006 was £492 million and comprised a £533 million charge on the profit before taxation and specific items, offset by a tax credit of £41 million on certain specific items.
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