The short version: The Spring Statement is when the Chancellor updates Parliament on the economy and sometimes announces tax changes. It’s one of two main fiscal events each year, alongside the Autumn Budget.
Does it affect you?
It can. Sometimes there are changes to tax rates, allowances, or thresholds. Other times it’s mainly economic forecasts with minimal tax changes. Worth keeping an eye on if you’re planning finances.
When does it happen?
Usually March. The exact date varies each year. The Autumn Budget (usually October or November) tends to have more significant tax announcements, but Spring can bring surprises.
Where can you find out what changed?
News coverage, gov.uk, or ask your accountant. We keep track of changes that affect our clients.
Want to know how recent announcements affect you? Ask us about any tax changes.
