Edition:
United Kingdom

Ferguson Issues Statement On Impact of US Tax Reform Legislation


Monday, 15 Jan 2018 

Jan 15 (Reuters) - Ferguson Plc ::‍NOTES ENACTMENT OF TAX CUTS AND JOBS ACT IN US​.GIVES RISE TO BENEFICIAL IMPACT ON GROUP'S AFTER TAX EARNINGS, PRINCIPALLY DUE TO REDUCTION OF US FEDERAL CORPORATE INCOME TAX RATE, EFFECTIVE JAN 1​.‍ESTIMATE GROUP EFFECTIVE TAX RATE OF APPROXIMATELY 25% FOR CURRENT FINANCIAL YEAR ENDING 31 JULY 2018, A REDUCTION FROM PREVIOUS GUIDANCE OF 28%​.‍ON AN ONGOING BASIS WE EXPECT GROUP'S EFFECTIVE TAX RATE TO BE IN RANGE 21% TO 22%​. 

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