BRITISH TOURIST AUTHORITY TRADING AS VISITBRITAIN ...

VisitBritain and VisitEngland
Notes forming part of the financial statements for the year ended 31 st March 2010 (Continued)
16 Tax expense
VisitBritain is assessed for Corporation Tax in the UK on its activities excluding those funded by grant in aid. Following a review of
the taxable activities and our tax position with our advisors, unused taxable losses brought forward from 2009/10 amounts to
£19.86m (2008/09: £11.67m).
VisitBritain is assessed for Corporation Tax in Germany, Sweden, Australia, Hong Kong and the Netherlands and in all of these
countries there is no corporate tax paid due to loss relief claim.
58