InterContinental Hotels Group PLC – Annual report – 31 December 2021
Industry: leisure
8. Tax (extract)
Tax paid
Total net tax paid during the year of $86m (2020: $41m, 2019: $141m) is all in respect of operating activities.
The total tax paid includes, in respect of the US:
- payments of $88m (2020: $29m, 2019: $80m); and
- refunds arising from earlier periods of $15m (2020: $24m, 2019: $nil);
and in respect of the UK:
- payments of $1m (2020: $2m, 2019: $13m); and
- refunds arising from earlier periods of $3m (2020: $nil, 2019: $nil).
A reconciliation of tax paid to the total tax charge in the Group 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. Settlements of tax contingencies are included within cash tax paid in the year but not recorded in the current year tax charge.
b 2021 includes $20m of refunds in respect of earlier years, $12m of other receivables which have been allocated to payments that otherwise would have been due and $28m of payments due in 2022.
Accounts examples 