Spring Statement 2025: What It Means for You

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Written By Liza Sitch

The Chancellor has just delivered the Spring Statement 2025, and while big businesses might already be spinning the headlines to their advantage, what does it actually mean for sole traders, ethical landlords, and small business owners like you? As always, Maeflower Bookkeeping is here to break it down without the jargon, so you know what to expect and how to prepare.

Key Announcements

Tax Changes and Thresholds

For those of us keeping a close eye on personal tax and allowances, there are a few shifts worth noting:

  • Income Tax Bands remain largely unchanged, though inflation means that in real terms, some may feel the pinch of fiscal drag.

  • Self-Employed National Insurance Contributions (NICs) have been adjusted slightly, which may benefit some sole traders but could be neutral for others.

  • VAT Threshold Adjustments – There’s been no drastic change, but the government is consulting on potential future adjustments to help small businesses manage their tax burdens.

Support for Small Businesses and the Self-Employed

Making Tax Digital (MTD) Updates

MTD remains a key priority, and this year’s statement reinforced the 2026 deadline for full implementation for Income Tax Self Assessment (ITSA). If you haven’t yet switched to MTD-compatible software, now is the time. Maeflower Bookkeeping can help you make the transition smoothly, ensuring you’re compliant and ahead of the game.

Energy and Cost of Living Support

  • The government is extending some business energy relief schemes, which may help ease the burden for those struggling with rising costs.

  • Small businesses and landlords may be able to access additional grants for energy efficiency improvements.

Landlord-Specific Changes

For ethical landlords, it’s worth noting:

  • There are no immediate new tax reliefs, but ongoing consultations around rental market regulation suggest changes could be on the horizon.

  • Interest rate shifts may affect mortgage payments – now might be a good time to review your finances and plan ahead.

What Should You Do Next?

If any of these changes could affect you, it’s a good idea to take stock of your finances now. Need help? Maeflower Bookkeeping is here to offer support, so you can focus on what you do best.

Want to chat about how the Spring Statement affects you? Get in touch with us today!

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