A report by Lexis®+ UK Tax, with additional practitioner comment.
On 26 March 2025 the Chancellor of the Exchequer Rachel Reeves MP presented the government’s Spring Statement 2025.
As expected and in accordance with the commitment made at Autumn Budget 2024 Spring Statement 2025 did not constitute a major fiscal event. At the outset the Chancellor repeated the government’s commitment to deliver just one major fiscal event a year with the Chancellor suggesting she will deliver the annual Budget in autumn 2025.
While economic forecasts and welfare changes formed the majority of the Spring Statement there were some noteworthy tax-related announcements and developments including:
a consultation on the use of advance clearances for R&D tax relief;
a consultation on advance tax certainty for major projects;
confirmation that the Advanced Pricing Agreement programme can be used to obtain certainty on the transfer...
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A report by Lexis®+ UK Tax, with additional practitioner comment.
On 26 March 2025 the Chancellor of the Exchequer Rachel Reeves MP presented the government’s Spring Statement 2025.
As expected and in accordance with the commitment made at Autumn Budget 2024 Spring Statement 2025 did not constitute a major fiscal event. At the outset the Chancellor repeated the government’s commitment to deliver just one major fiscal event a year with the Chancellor suggesting she will deliver the annual Budget in autumn 2025.
While economic forecasts and welfare changes formed the majority of the Spring Statement there were some noteworthy tax-related announcements and developments including:
a consultation on the use of advance clearances for R&D tax relief;
a consultation on advance tax certainty for major projects;
confirmation that the Advanced Pricing Agreement programme can be used to obtain certainty on the transfer...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
