Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

National Express RNS Release

Impact of the US Tax Cuts and Jobs Act


RNS Number : 9303B
National Express Group PLC
16 January 2018
 

 

 

16 January 2018

 

Impact of the US Tax Cuts and Jobs Act

 

National 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.

 

Our 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.

 

It 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.

 

The Group closed 2017 with a continuation of the positive trading momentum identified in our 4th December 2017 statement (RNS Number 1833Y).

 

We 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.

 

Enquiries
Chris Davies, Group Finance Director                                                   0121 460 8655

Anthony Vigor, Director of Policy and External Affairs                          07767 425822

Louise Richardson, Head of Investor Relations                                     07827 807766

 

Maitland

James McFarlane, Associate Partner                                                    0207 379 5151

 

Notes

Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification: 3.1 (with reference to DTR6 Annex 1R)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLFSRLVIELIT

National Express Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use