The Spring Statement 2025 highlighted the government’s commitment to modernising the tax system and enhancing public sector efficiency. However, the lack of relief for Employers’ NIC and upcoming business tax increases remains a concern for many.
Substantial changes to Inheritance Tax (IHT) were announced. We have covered each of the main measures below, but none are due to come into effect until April 2026 at the earliest.
The Powers of Attorney Act is digitizing the decision-making process for care, treatment, and finances in case of mental capacity loss. This move will enhance efficiency, security, and fraud protection, with updates from the Office of the Public Guardian to come.
A statement was made by the Financial Secretary to the Treasury on 19 December 2022. It confirmed that the roll-out of Making Tax Digital for Income Tax, due to commence April 2024, is being delayed.