Accessibility links

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.

07 Apr 2025

Minimum wage rose on 1 April

Increases to the National Living Wage and National Minimum Wage took effect from 1 April.

07 Apr 2025

Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.