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UK 2025–26 fiscal events for Private Client lawyers: Spring Statement, tax reform updates, Spending Review, Legislation Day, Autumn Budget, Finance Bill and Act 2026, and OBR forecast

Practice notes
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This Practice Note compiles material on fiscal events across the 2025–26 tax year, beginning with the Spring Statement 2025 on 26 March 2025. For further detail on the Budget and Finance Bill procedures, as well as the broader fiscal timetable, see Practice Note: The Budget and Finance Bill process.

Spring Statement 2025

On 26 March 2025, the Chancellor of the Exchequer, Rachel Reeves, delivered the Spring Statement 2025 to Parliament. The government outlined consultations and policy papers on substantive and administrative tax measures and other prospective developments. For more on the announcements, see News Analyses:

  • Video analysis—Spring Statement 2025: Private Client perspective
  • Spring Statement 2025—Tax analysis

Tax update spring 2025: simplification, administration and reform

On 28 April 2025, the Exchequer Secretary to the Treasury, James Murray, issued a written ministerial statement setting out a package of measures to simplify and reform the tax system and improve tax administration. HMRC and HM Treasury released a complementary set of documents comprising a summary of the measures, draft legislation, and consultation papers and policy papers on specific proposals. For more information on the announcements, see News Analysis: Tax update spring 2025—Tax analysis...

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Web page updated on 22/05/2026

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