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A summary of the tax-related consultations, and other tax developments, published at the Spring Statement on Tuesday 13 March 2018.
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The Chancellor of the Exchequer, Philip Hammond, delivered his first Spring Statement on Tuesday 13 March 2018. Sticking to his promise of a single fiscal event each autumn, Mr Hammond did not announce any new spending commitments or immediate tax
changes, instead stating that the abolition of twice-annual tax changes gives businesses more certainty and aligns the UK system with those of its counterparts.
As promised, the Chancellor’s statement focused on providing an update on the overall health of the economy and a summary of the public finances provided by the government’s independent forecaster, the Office for Budget Responsibility
The Spring Statement was used to announce policy reviews and consultations. Immediately following the Spring Statement, the Treasury published 13 consultation documents inviting views on future changes to the tax system.
The following abbreviations are used in this analysis:
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