Spring Statement

A concise summary of the tax and non-tax measures.

Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025.

Highlighting national security, state reform and growth.

Highlighting income tax, pensions and non-UK domiciled individuals.

Highlighting employees, employers and the self-employed.

Highlighting the National Living Wage, the National Minimum Wage and company cars.

Highlighting capital gains tax and inheritance tax.

Highlighting MTD for income tax, corporation tax, capital allowances and Furnished Holiday Lettings.

Highlighting consultations and VAT.

Chancellor should use Budget to reform tax system, IFS says

Chancellor Rachel Reeves should use the Autumn Budget to reform the UK's tax system, says the Institute for Fiscal Studies (IFS).

HMRC has resumed its programme allowing direct recovery of money from debtors' bank accounts.

Chancellor Rachel Reeves should use the Autumn Budget to reform the UK's tax system, says the Institute for Fiscal Studies (IFS).

HMRC has resumed its programme allowing direct recovery of money from debtors' bank accounts.

There is now less than a year until the UK Government introduces Vaping Products Duty (VPD) and vaping duty stamps (VDS) on 1 October 2026.