7. Income Tax

	2021	2020
	€’000	€’000
Current Tax Credit
Current year	913	1,798
(Over)/under provision from prior year	(41)	232
	872	2,030
Deferred Tax Credit
Origination and reversal of temporary differences (note 20)	(465)	(167)
Total Income Tax Expense	407	1,863

Reconciliation of Effective Tax Rate

	2021	2020
	€’000	€’000
Surplus before income tax	2,766	9,801
Surplus before income tax multiplied by the standard	346	1,225
rate of corporation tax in Ireland of 12.5% (2020: 12.5%)
Effects of:
Withholding tax	8	13
Pension timing differences	(32)	(105)
Other differences	91	420
Prior year adjustment	(41)	232
Disallowed expenses	35	78
Total Income Tax Expense/(Credit)	407	1,863
Deferred Tax Recognised directly in Other Comprehensive Income
Relating to pension asset (note 20)	(388)	(5,051)
Relating to losses (note 20)	(4,663)	-
	(5,051)	(5,051)

Television licence fee income that RTÉ receives by way of “grant-in-aid” is subject to corporation tax with effect from 1 January 2007. The Group has trading losses forward for tax purposes of €651 million at 31 December 2021. Due to the uncertainty surrounding when these losses may ultimately be utilised, a deferred tax asset of €18.5 million has only been recognised.