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UK tax 2025–26: consolidated guide to Spring Statement, spring 2025 tax update, Spending Review, Legislation Day 2025, Budget 2025, Finance Act 2026 and NICs (Employer Pensions Contributions) Bill

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Practice notes
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This Practice Note brings together material on the following fiscal events and announcements:

  • Spring Statement 2025, held on 26 March 2025
  • Tax update spring 2025, held on 28 April 2025
  • Spending Review 2025, held on 11 June 2025
  • Legislation Day 2025, held on 21 July 2025
  • Budget 2025, held on 26 November 2025
  • the introduction of Finance Bill 2026, also referred to as Finance Bill 2025–26 and Finance (No 2) Bill 2024–26 (FB 2026), introduced to Parliament on 2 December 2025 and its subsequent enactment as Finance Act 2026 (FA 2026) on 18 March 2026, and
  • the introduction of the National Insurance Contributions (Employer Pensions Contributions) Bill to Parliament on 4 December 2025

It collates updates spanning statements, reviews, legislation and the Budget.

For detail on the Budget and Finance Bill procedures, as well as the broader fiscal timetable more generally, see Practice Note: The Budget and Finance Bill process.

Spring Statement 2025

On 26 March 2025, the Chancellor of the Exchequer, Rachel Reeves MP, delivered the Spring Statement 2025 to Parliament. The government announced consultations and policy papers addressing substantive and administrative tax measures and other forthcoming developments to follow...

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Web page updated on 22/05/2026

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