12 January 2018
Smiths Group plc (“Smiths Group” or the “Company”) notes the enactment of the Tax Cuts and Jobs Act in the United States. The net impact of the new US tax legislation on the Group will be favourable over the medium term. For the current financial year, Smiths Group anticipates a headline effective tax rate of 27.5-28.5%, which includes the one-off adverse revaluation of the deferred tax asset position.
Looking into the financial year to 31 July 2019 and beyond, the headline effective tax rate is estimated to be in the range of 23.0-25.0%.
General media enquiries
Contact our global media and communications team at:
Please note – the press team can only answer enquiries from accredited members of the press.
Related articles
Completion of DRC Heat Transfer acquisition
Read the latest news as Smiths completes the purchase of DRC Heat Transfer
Find out more
Completion of Smiths Interconnect sale
Read the latest company news as Smiths completes the sale of its Interconnect business.
Find out more
Smiths supports historic Artemis II space mission
Read our latest press release as Smiths proudly supports NASA’s Artemis II space mission taking four astronauts around the Moon
Find out more
