In this summary guide...
Introduction
Background and political context of the 2025 Spring Statement.
Economic Update
Overview of economic performance, growth projections, inflation, interest rates, and fiscal headroom.
Announcements
Government spending
Welfare Measures
Reforms to Personal Independence Payment (PIP)
Changes to Work Capability Assessment
Universal Credit updates
Measures to reduce welfare fraud and error
Tax Administration Measures
Enhancements in HMRC compliance and debt recovery
Changes to late payment penalties
Expansion of Making Tax Digital (MTD)
High Income Child Benefit Charge (HICBC) PAYE option
Consultations - summary of current and upcoming HMRC consultations.
Other Updates
Reform considerations for ISAs
Increases to Home Office fees
This guide is for guidance only, and professional advice should be obtained before acting on any information contained therein. Neither the publishers nor the distributors can accept any responsibility for loss occasioned to any person as a result of action taken or refrained from in consequence of the contents of this publication.
