13 - Taxation
The taxation credit for the six month period was £396 million (six months to 30 June 2007: £529 million charge) on an EEV basis and includes a charge of £523 million (six months to 30 June 2007: £416 million) in respect of operating profit, which is equivalent to an effective rate of 30.4% (2007: 27.0%) mainly reflecting increased profits in France, Spain and the US which are taxed at higher rates. The effective tax rate on IFRS operating profit is 28.7% (2007: 28.6%).
