InterContinental Hotels Group PLC – Annual report – 31 December 2018
8. Tax (extract)
Total net tax paid during the year of $68m (2017: $172m, 2016: $130m) comprises $66m (2017: $147m, 2016: $130m) paid in respect of operating activities and $2m (2017: $25m, 2016: $nil) paid in respect of investing activities. A reconciliation of tax paid to the total tax charge in the income statement is as follows:
a Tax contingency movements are included within the current tax charge but do not impact cash tax paid in the year.
b The timing difference in 2016 was predominantly in respect of the US where the payment regulations resulted in a large overpayment in the year.