Electrocomponents plc provided Group effective tax rate guidance for the year ending 31 March 2018 and 2019. For the year to 31 March 2018, the company currently anticipate that the announced changes will have minimal impact on the Group effective tax rate, which they have previously guided will be in line with the first effective tax rate of 28%. However, it expect that the changes will result in a non-cash exceptional tax credit as a result of the revaluation of deferred tax balances. For the year to March 2019, the company currently anticipate that the changes will reduce the Group effective tax rate percentage to the mid-twenties.