During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts.
The Chancellor focused on how the government’s policies are delivering economic growth, particularly when looking at gross domestic product (GDP) per person. However, the OBR’s report indicates a more nuanced picture and notes that the fiscal context for the next Budget will remain challenging.
As part of the government’s policy of one major fiscal event a year, the Chancellor announced no new tax or spending policies. However, the OBR’s forecasts do provide some early clues about future tax and spending pressures.
What tax changes are coming in 2026/27?
Most of the tax changes for 2026/27 were announced on 26 November 2025, when the Chancellor presented her second Budget to Parliament. The Scottish and Welsh Budgets took place in January 2026.
The following document sets out the key tax changes you need to be aware of from April 2026 and beyond.
If you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor’s speech, please contact us.
