Virgin Money UK (Virgin Money UK) Tax Rate % : 39.45% (As of Sep. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Virgin Money UK Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Virgin Money UK's Tax Expense for the six months ended in Sep. 2023 was $53 Mil. Virgin Money UK's Pre-Tax Income for the six months ended in Sep. 2023 was $135 Mil. Therefore, Virgin Money UK's Tax Rate % for the quarter that ended in Sep. 2023 was 39.45%.

Virgin Money UK Tax Rate % Historical Data

The historical data trend for Virgin Money UK's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Virgin Money UK Tax Rate % Chart

Virgin Money UK Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Tax Rate %

Get a 7-Day Free Trial

22.84

16.07

-13.67

9.75

28.70

Virgin Money UK Semi-Annual Data
	Sep13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Tax Rate %	Get a 7-Day Free Trial															-14.20	24.44	-6.79	23.73	39.45

Virgin Money UK Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Virgin Money UK's Tax Rate % for the fiscal year that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Sep. 2023 )	/	Pre-Tax Income (A: Sep. 2023 )
	=	122.525	/	426.98
	=	28.70 %

Virgin Money UK's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2023 )	/	Pre-Tax Income (Q: Sep. 2023 )
	=	53.218	/	134.901
	=	39.45 %

Virgin Money UK Tax Rate % Related Terms

Thank you for viewing the detailed overview of Virgin Money UK's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Virgin Money UK (Virgin Money UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (OTCPK:CBBYF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CYBBF:USA VMUKl:UK VMUK:UK 42YA:Germany VUK:Australia

Address

177 Bothwell Street, Glasgow, GBR, G2 7ER

Website

https://www.virginmoneyukplc.com

Virgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalization process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for 79% of total loans, personal loans around 9%, and SME and business loans around 12%.