In his speech of 13 March the Chancellor stuck by his plans that major tax or spending changes would now be made only once a year – at the Budget in the autumn. The Spring Statement gives an update on the overall health of the economy and the Office for Budget Responsibility (OBR) forecasts, provides an assessment on progress made since Autumn Budget 2017 and launches further tax consultations for discussion over the summer.
Updates on the tax developments contained in those consultations will be added below.
The Spring Statement at a glance.
Alongside the Spring Statement the UK Government released consultations, calls for evidence, and an update around taxation of companies operating in the digital economy.
Our UK Tax Tables cover all the rates, reliefs and allowances for the new 2018/2019 tax year.
Autumn Budget 2017
Read all our news and analysis of the Chancellor's Autumn Budget.
On 1 December 2017 the Winter Finance Bill was published, the first Bill in a new legislative timetable that should see it enacted (and become Finance Act 2018) before the start of the next tax year in April 2018.
Read our analysis of the Autumn Budget, which gives insight on employment, personal, indirect, business and tax administration, and property measures, plus EY ITEM Club's comment.
Listen to the recording as Claire Hooper, Chris Sanger, David Kilshaw and the EY ITEM Club’s Martin Beck consider the economic impact of the Chancellor’s announcements and tax announcements, and discuss the Finance Bill.
Spring Budget 2017
Read all our news and analysis of the Chancellor's Spring Budget.
Read our analysis of the Spring Budget, which gives insight on employment, personal, corporate, indirect, and tax administration measures, plus EY ITEM Club's comment.