Business
Impact of the US Tax Cuts and Jobs Act
Impact of the US Tax Cuts and Jobs Act.
About this update from Mobico Group Plc
[{"type":"text","content":"\n \nRNS Number : 9303B National Express Group PLC 16 January 2018 \n\n \n \n16 January 2018\n \nImpact of the US Tax Cuts and Jobs Act\n \nNational Express Group PLC ('the Group') notes the recently enacted US Tax Cuts and Jobs Act ('the Act') which came into effect on 1st January 2018.\n \nOur initial assessment indicates an anticipated reduction in the Group's effective tax rate (ETR) from 1st January 2018. We forecast our ETR will reduce from the anticipated high 20s, to the low 20s, in percentage points.\n \nIt is also expected that the measures outlined in the Act will lead to a small tax credit in 2017. This is due to the revaluation of deferred tax balances and will be included in the Group's 2017 full year results.\n \nThe Group closed 2017 with a continuation of the positive trading momentum identified in our 4th December 2017 statement (RNS Number 1833Y).\n \nWe will provide more detail on both the impact of the Act and our trading performance in the Group's 2017 Preliminary Results announcement on 1st March 2018.\n \nEnquiriesChris Davies, Group Finance Director 0121 460 8655\nAnthony Vigor, Director of Policy and External Affairs 07767 425822\nLouise Richardson, Head of Investor Relations 07827 807766\n \nMaitland\nJames McFarlane, Associate Partner 0207 379 5151\n \nNotes\nLegal Entity Identifier:...