Spring Statement 2025 Summary

Yesterday afternoon the Chancellor delivered the 2025 Spring Statement. While there were no new policy announcements, we have revisited some important changes from the 2024 Budget in our Spring Statement 2025 Guide. This has been emailed to clients on our marketing lists, shared on our website and on our socials.  Read the full guide here: Spring Statement 2025: Your Guide to Changes | East & South East | Affinia

In the guide we review:   

Making Tax Digital – The roll out of MTD for Income Tax is due to start from 6 April 2026. Today, the Government announced there will be a reduction in the income threshold from 6 April 2028 so more taxpayers fall within the MTD regime.  Read the full article here.

Employment Taxes – we look at the key updates to wages, National Insurance, Income Tax, payrolling of benefits and electric vehicles. Read the full article here.

Key consultations – which include advanced clearances, reform of behavioural penalties and a comprehensive package of measures to close in on promoters of marketed tax avoidance schemes. Read the full article here.

You may find our overall guide and individual articles a useful discussion and planning point with your clients. 

We will be promoting our Spring Statement Update across our social media platforms, and you will also see your email footer change on your Affinia account to link to this.

Should you or your clients have any questions following the Spring Statement, please contact budget2025@affinia.co.uk and a member of the Tax team will respond to the query.