HM Treasury Legislation
108 statutory instruments made by HM Treasury, newest first. Each one is explained section by section in plain English.
The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2026
- Department: HM Treasury
- Made under: Taxation of Chargeable Gains Act 1992
Designated eleven specific government-issued bonds as gilt-edged securities to exempt them from capital gains and corporation tax.
This Order specifies eleven additional sterling-denominated government securities as 'gilt-edged securities' for the purposes of the Taxation of Chargeable Gains Act 1992.
By designating these securities, the Treasury ensures that any gains realized on their disposal are exempt from capital gains tax for individuals and corporation tax for companies.
The order applies to any person or corporate entity disposing of the listed securities, which include various Treasury Gilts and Index-linked Treasury Gilts maturing between 2029 and 2056.
The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026
- Department: HM Treasury
- Made under: Finance Act 2024
Adjusted pension tax laws and reporting requirements to finalize the abolition of the lifetime allowance.
These Regulations amend and modify primary and secondary legislation to facilitate the removal of the pension lifetime allowance and its associated tax charge.
They establish new protocols for calculating an individual's lump sum allowance and lump sum death benefit allowance, particularly regarding payments from overseas pension schemes and the order of benefits occurring on the same day.
The instrument applies to pension scheme administrators, individuals receiving pension lump sums, and the Financial Assistance Scheme manager, primarily effective for the 2024-25 tax year and beyond.
The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026
- Department: HM Treasury
- Made under: Financial Services and Markets Act 2023
Commenced the revocation of several articles of the Capital Requirements Regulation and established transitional status protections for central counterparties.
These Regulations bring into force various revocations of assimilated law relating to financial services, specifically targeting sections of the Capital Requirements Regulation (Regulation (EU) No 575/2013).
They establish transitional and saving arrangements for central counterparties (CCPs), allowing certain entities to maintain their status as qualifying central counterparties (QCCPs) during specified periods.
The regulations apply to HM Treasury, credit institutions, investment firms, and CCPs operating within or seeking recognition in the United Kingdom.
The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2026
- Department: HM Treasury
- Made under: Finance Act 2022
Adjusted tax rules and extended reporting deadlines for public service pension members receiving discrimination remedy payments.
This instrument modifies the tax treatment of public service pension schemes to facilitate the rectification of unlawful discrimination as required by the Public Service Pensions and Judicial Offices Act 2022.
It amends previous regulations to allow members to submit 'scheme pays' notices digitally via HMRC, extends deadlines for reporting increased tax liabilities, and provides specific tax frameworks for Armed Forces, judicial, and local government pension schemes.
The regulations apply to scheme administrators, His Majesty’s Revenue and Customs (HMRC), and members of public service schemes—including judges and teachers—who are eligible for a discrimination remedy.
The Registered Pension Schemes (Net Pay Arrangements) Regulations 2026
- Department: HM Treasury
- Made under: Finance Act 2004
Amended the Finance Act 2004 to require HMRC to pay top-up amounts to pension contributors whose net pay arrangements result in less tax relief than relief at source methods.
These Regulations amend section 193A of the Finance Act 2004 to modify how HM Revenue and Customs (HMRC) calculates and issues top-up payments to individuals contributing to registered pension schemes via net pay arrangements.
The regulations direct HMRC to identify and pay the difference to individuals who receive less income tax relief through net pay arrangements than they would have received under relief at source arrangements.
This mandate applies to HMRC Commissioners and affects individuals paying into occupational pension schemes whose tax relief outcomes differ based on the administration method of their scheme.
The National Savings (Remediation Scheme) (No. 2) Regulations 2026
- Department: HM Treasury
- Made under: National Debt Act 1972
The Regulations established a remediation scheme for the Director of Savings to compensate estates for retained assets of deceased persons following administrative errors.
These Regulations establish the National Savings (Remediation Scheme) (No. 2) to authorize the Director of Savings to make payments to the personal representatives of deceased persons whose estates suffered losses because the Director mistakenly retained certain National Savings holdings, such as bonds, certificates, or stock, after the holder died; the scheme defines what constitutes an eligible claim, sets out the methodology for calculating compensation—which provides for the greater of applicable contractual interest or a benchmarked rate plus 1%—and allows for payment of consequential losses, extending its scope across England, Wales, Scotland, Northern Ireland, the Isle of Man, and the Channel Islands.
The National Savings (Remediation Scheme) Regulations 2026
- Department: HM Treasury
- Made under: National Savings Bank Act 1971
The Treasury established The National Savings (Remediation Scheme) Regulations 2026 to govern payments made by the Director of Savings concerning eligible claims arising from the erroneous retention of assets belonging to deceased persons.
The National Savings (Remediation Scheme) Regulations 2026 establish a formal scheme, administered by the Director of Savings under the authority of the Treasury, to make payments to the personal representatives of deceased persons whose estates suffered losses because the Director of Savings mistakenly retained assets like accounts, bonds, or stocks.
The regulations define what constitutes an eligible claim, set out the calculation methods for payments (offering the greater of contractual interest or interest based on the Bank of England Base Rate plus one percent), and allow for further compensatory payments for resulting estate losses and administration costs.
The Public Service Pensions Act 2013 (Amendment of Section 3) Order 2026
- Department: HM Treasury
- Made under: Public Service Pensions Act 2013
The Order amended Section 3(6) of the Public Service Pensions Act 2013 to omit the requirement exemption for Scottish Ministers' scheme regulations covering fire and rescue workers and police members, effective 1st July 2026.
This Statutory Instrument, made by HM Treasury in June 2026 and effective from July 1st, 2026, amends Section 3 of the Public Service Pensions Act 2013 by specifically removing the exemption that previously existed for scheme regulations made by the Scottish Ministers concerning fire and rescue workers and members of a police force; this action removes those specific regulations from the list of those that do not require prior consent from HM Treasury.