Business
US Tax Legislation
US Tax Legislation.
About this update from Rs Group Plc
[{"type":"text","content":"\n \nRNS Number : 7770A Electrocomponents PLC 03 January 2018 \n\nELECTROCOMPONENTS PLC\n \nImpact on Electrocomponents from new US tax legislation\n \nElectrocomponents plc notes the approval of the new US tax legislation and Jobs Act. We continue to work through the full impact of these changes on Electrocomponents and will give more detailed guidance on the impact of these changes at our final results in May. \nFor the year to 31 March 2018 we currently anticipate that the announced changes will have minimal impact on the Group effective tax rate, which we have previously guided will be in line with the H1 effective tax rate of 28%. However, we expect that the changes will result in a non-cash exceptional tax credit as a result of the revaluation of deferred tax balances.\nFor the year to March 2019 we currently anticipate that the changes will reduce the Group effective tax rate percentage to the mid-twenties.\n \n\n\n\n\nEnquiries:\n\n\n\n\n\n\n\n\n\n\nDavid Egan\n\n\nGroup Finance Director\n\n\n0207 239 8400\n\n\n\n\nPolly Elvin\n\n\nHead of Investor Relations & Corporate PR\n\n\n0207 239 8427\n\n\n\n\nMartin Robinson/David Allchurch\n\n\nTulchan Communications\n\n\n020 7353 4200\n\n\n\n\nLEI: 549300KVXDURRKVW7R37\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DOCDLLFBVFFEBBF\n ","length":2916,"tagName":"div"}]