Introduction

Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses stability and certainty on upcoming tax and spending changes and, in turn, to support the government’s growth mission’.

The Chancellor did meet her commitment that there would be no major tax announcements but tax is only one side of the equation. The other is spending and the Spring Statement confirmed a number of the measures recently announced, namely:

  • cuts to the welfare state
  • cuts to the civil service
  • an increase in defence spending.

There were also announcements about the rollout of the Making Tax Digital (MTD) for Income Tax project.

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Murphy Thompson Moore LLP

Why choose us?

25yr innovative years of successful business leadership

MTM are specialist, small business accountants, with an office on King Street in Manchester, known for their leadership in electronic filing, and who are trusted by many long-term clients as their key financial advisors.

Specialist advisors to Owner/Managed Businesses

MTM provide services exclusively to owner/managed businesses. Our typical clients employ from 5 to 25 people, are likely to be in the service sector.

At your side throughout the year. Not just year-end.

We meet with you regularly (usually via video call) to explain the work we have done, go through the reports and deal with any matters of current concern in the business. These calls can be 1 to 1 or with members of your team.

No billing suprises and an afordable, monthly fee.

Your engagement with us is based on a single fee to cover all your requirements throughout the year for both the business and your personal tax affairs. We operate a “no surprises” policy that you can rely on.

Contact us for information
about how we can tailor our services to your objectives.

   0161 835 2080

   enquiries@mtmllp.co.uk

   Murphy Thompson Moore LLP
      3rd Floor, 82 King Street, Manchester
      M2 4WQ

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