Business
Impact of US Tax Legislation
Impact of US Tax Legislation.
About this update from Bunzl Plc
[{"type":"text","content":"\n \nRNS Number : 5329B Bunzl PLC 11 January 2018 \n\nSTATEMENT OF IMPACT OF US TAX LEGISLATION\n \nBunzl plc ('Bunzl') notes the enactment of the Tax Cuts and Jobs Act in the United States on 22 December 2017. Although the full implications of this new US tax legislation on the Group are still being reviewed, Bunzl anticipates that there will be no material impact on the results for the financial year ended 31 December 2017 apart from a non-cash, net tax credit due to the revaluation of certain deferred tax balances which will be excluded from the underlying results. However, the changes are expected to reduce the Group's effective tax rate for the financial year ending 31 December 2018 to approximately 24%.\n \nEnquiries:\n \nBrian May, Finance Director\nTel: +44 (0)20 7725 5000\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRDMGMMVGDGRZM\n ","length":1445,"tagName":"div"}]