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Spring Statement

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

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.

Latest Blog Posts

30 Jan 2025

VAT Update 2 - HMRC v Sonder Europe Ltd [2025] UKUT 00014 (TCC)

Following the last post about this case on 17 January, essentially, Rent to Serviced Accommodation operators have the following options...

17 Jan 2025

VAT Update - HMRC v Sonder Europe Ltd [2025] UKUT 00014 (TCC)

On 14 January, the Upper Tribunal (UT) upheld HMRC’s appeal against the First-tier Tribunal’s (FTT) decision that supplies of accommodation fell within the VAT tour operators’ margin scheme (TOMS). This means that rather than output VAT being charged on the company’s margin, it will now be charged on the value of supplies to travellers.