The Chancellor's 2018 Spring Statement gave the government the opportunity to consider the longer-term fiscal challenges ahead of Brexit, and initiate consultations on how these can be addressed. Read Chancellor Philip Hammond first Spring statement which provides an overview of the updated forecasts for the UK economy and public finances.
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The government is phasing in its landmark Making Tax Digital (MTD) regime, which will see taxpayers moving to a fully digital tax system over the coming years. This factsheet considers the latest position following revisions to the implementation timetable and the release of an overview of the legislation.