7. Income Tax

	2022	2021
	€’000	€’000
Current Tax Expense
Current year	292	913
(Over)/under provision from prior year	(16)	(41)
	276	872
Deferred Tax Credit
Origination and reversal of temporary differences (note 20)	(473)	(465)
Total Income Tax (Credit)/Expense	(197)	407

Reconciliation of Effective Tax Rate

	2022	2021
	€’000	€’000
(Deficit)/Surplus before income tax	(2,990)	2,766
(Deficit)/Surplus before income tax multiplied by the standard	(374)	346
rate of corporation tax in Ireland of 12.5% (2021: 12.5%)
Effects of:
Withholding tax	13	8
Pension timing differences	10	(32)
Other differences	95	91
Prior year adjustment	(16)	(41)
Disallowed expenses	75	35
Total Income Tax (Credit)/Expense	(197)	407
Deferred Tax Recognised directly in Other Comprehensive Income
Relating to pension asset (note 20)	4,110	(388)
Relating to losses (note 20)	(4,110)	(4,663)
	-	(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 2022. Due to the uncertainty surrounding when these losses may ultimately be utilised, a deferred tax asset of €22.6 million has only been recognised.