Impact of US Tax Legislation

RNS Number : 5329B

Bunzl PLC

11 January 2018

 

STATEMENT OF IMPACT OF US TAX LEGISLATION

Bunzl 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%.

Enquiries:

Brian May, Finance Director

Tel:  [phone]

 

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