6 Tax

2016
£m
2015
£m
Current tax
UK corporation tax53.356.8
Adjustments in respect of prior years(9.0)(9.7)
Total current tax charge for the year44.347.1
Deferred tax
Current year18.614.3
Adjustments in respect of prior years5.69.0
24.223.3
Change in tax rate(112.5)
Total deferred tax (credit)/charge for the year(88.3)23.3
Total tax (credit)/charge for the year(44.0)70.4

The deferred tax credit of £112.5 million (2015: £nil) reflects the enacted reduction in the headline rate of corporation tax to 18 per cent from 1 April 2020. An additional reduction to 17 per cent effective from 1 April 2020 was announced in the Chancellor's Budget on 16 March 2016. Subject to enactment, this will result in a future deferred tax credit currently estimated at around £56.0 million.

The table below reconciles the notional tax charge at the UK corporation tax rate to the effective tax rate for the year:

2016
£m
2016
%
2015
£m
2015
%
Profit before tax353.5341.6
Tax at the UK corporation tax rate70.720.071.721.0
Adjustments in respect of prior years(3.4)(1.0)(0.7)(0.2)
Change in tax rate(112.5)(31.8)
Net income not taxable/other1.20.3(0.6)(0.2)
Total tax (credit)/charge and effective tax rate for the year(44.0)(12.5)70.420.6

Tax on items taken directly to equity

2016
£m
2015
£m
Deferred tax (see note 19)
On remeasurement gains on defined benefit pension schemes32.050.1
Change in tax rate(5.5)
26.550.1
Total tax charge on items taken directly to equity26.550.1

The deferred tax credit of £5.5 million (2015: £nil) reflects the enacted reduction in the headline rate of corporation tax to 18 per cent from 1 April 2020.