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.

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© 2025 Michael Harwood & Co. Chartered Accountants. All rights reserved.

“Michael Harwood & Co” is a trading name of Greville House Services Limited, a Limited Company registered in England & Wales (company number 04119622). Registered office address:

Michael Harwood & Co. Chartered Accountants, Greville House, 10 Jury Street, Warwick, Warwickshire CV34 4EW

A list of directors is available for inspection at the registered office. Any reference to a ‘partner’ in relation to Michael Harwood & Co means a Director of Greville House Services Limited.
Michael Harwood & Co is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales’. Details about our audit registration can be viewed at www.auditregister.org.uk under our firm reference number C003802656.


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