2025–26—Fiscal events including Budget

This subtopic draws together content on the fiscal events throughout the tax year 2025–26, starting with the Spring Statement 2025 on 26 March 2025.

For more information on the Budget and Finance Bill processes, as well as the fiscal timetable

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Latest Tax News

Video analysis—Spring Statement 2025: Impact on Businesses

Tax analysis: In this LexisNexis® Practical Guidance video, Andrew Sanford, Audit, Accounting & Outsourcing Partner at Blick Rothenberg LLP, discusses the Spring Statement 2025 and its implications for businesses.

Tax weekly highlights—27 March 2025

This week's edition of Tax weekly highlights includes: (1) News Analysis of Spring Statement 2025 delivered by the Chancellor on 26 March 2025 including commentary by market leading tax practitioners, (2) News Analysis of the UT’s decision in PD & MJ Ltd on the application of IR35 to arrangements involving a TV pundit, and (3) News Analysis of the Court of Appeal’s decision in Innovative Bites Ltd on the meaning of confectionery for zero-rating purposes.

Court of Appeal remits confectionery case to FTT (HMRC V Innovative Bites Ltd)

Tax analysis: In HMRC v Innovative Bites Ltd, the Court of Appeal (CA) decided that, absent absurdity or the like, confectionery in the context of Value Added Tax Act 1994 (VATA 1994), Sch 8 Group 1 includes any product falling within Note 5 of the legislation because that is the effect of Note 5 when interpreted using the ordinary principles of statutory interpretation.

UT dismisses IR35 appeal by Sky Sports pundit (PD & MJ Ltd v HMRC)

Tax analysis: In PD & MJ Ltd v HMRC, the Upper Tribunal (UT) dismissed the company’s appeal, holding that the IR35 intermediaries legislation applied to arrangements under which the company supplied the services of former footballer Phil Thompson to Sky TV as a pundit.