Our summary includes a useful recap of the key changes for the forthcoming 2018/19 tax year that have already been announced and passed into law.

April will see the usual changes to the income tax rates and allowances as well as national insurance contributions. This coming year there will also be a cut in the dividend allowance and some special new tax rates for Scottish taxpayers. The tax increases on company cars may look relatively modest, but their cumulative impact could be significant for some people.

Many employees will see the extra net income from the tax changes eaten up by their higher minimum auto-enrolment pension contributions.

The lifetime allowance for pensions has been raised.

Less welcome for some will be the changes to employee termination payments and the new rules for enterprise investment schemes.

Our take on the Spring Statement 2018 can be downloaded on the right under Featured Downloads.