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Spring Statement

An overview of the Chancellor's announcements.

Introduction

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

Government spending announcements

Highlighting national security, state reform and growth.

Personal Tax

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

National Insurance contributions

Highlighting employees, employers and the self-employed.

Employment

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

Capital taxes

Highlighting capital gains tax and inheritance tax.

Business

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

Other matters

Highlighting consultations and VAT.

02 Feb 2026

Making Tax Digital for Income Tax biggest tax change since self assessment

The introduction of Making Tax Digital (MTD) for Income Tax this April will be the biggest change to the UK's tax system since self assessment, says the Low Incomes Tax Reform Group (LITRG).

30 Jan 2026

HMRC confirms helpline will be open on self assessment deadline day

HMRC has announced today that the?helpline for self assessment queries will now be open from 9am to 4pm on Saturday 31 January 2026.

29 Jan 2026

UK lenders agree £11 billion SME package

Five major UK banks have agreed a £11 billion lending package aimed at SMEs to support small business growth, the government has announced.