HM Treasury Legislation
108 statutory instruments made by HM Treasury, newest first. Each one is explained section by section in plain English.
The Public Service Pensions Revaluation Order 2026
- Department: HM Treasury
- Made under: Public Service Pensions Act 2013
The Order legally specified the revaluation factors for public service pensions based on price and earnings changes for the 2025-2026 period and determined its commencement dates across England, Wales, Scotland, and Northern Ireland.
This statutory instrument, made by the Treasury, sets the specific percentage increases to be used for revaluing accrued pension rights within certain public service pension schemes for the period between 1st April 2025 and 31st March 2026, establishing an increase in prices of 3.8 per cent and an increase in earnings of 4.8 per cent, and specifies the dates the Order comes into force across different UK jurisdictions and schemes.
The Local Government Finance Act 1988 (Prescription of Non-Domestic Rating Multipliers) (England) Regulations 2026
- Department: HM Treasury
- Made under: Local Government Finance Act 1988
The Treasury prescribed the non-domestic rating multipliers for England for financial years starting on or after 1st April 2026, defined statutory thresholds for RHL hereditaments, and excluded the 2024 Regulations from future application dates.
These Regulations, made by the Treasury and effective from 1st April 2026, prescribe the specific non-domestic rating multipliers used to calculate business rates in England for occupied, unoccupied, and centrally rated hereditaments, establishing thresholds based on rateable value (£51,000 and £500,000) to determine whether a small business RHL, standard RHL, high-value, or standard multiplier applies, particularly for retail, hospitality, and leisure properties, while also amending the 2024 Regulations to limit their future applicability.
The Consumer Composite Investments (Designated Activities) (Amendment) Order 2025
- Department: HM Treasury
- Made under: Financial Services and Markets Act 2000
The Treasury amended the Consumer Composite Investments (Designated Activities) Regulations 2024 to introduce temporary exemptions for financial promotions referencing PRIIPs KIDs during the transition period ending in December 2027.
This Order, made by the Treasury, amends the Consumer Composite Investments (Designated Activities) Regulations 2024, establishing temporary exemptions from the financial promotion and scheme promotion restrictions for communications related to Key Information Documents (KIDs) previously governed by the PRIIPs Regulation, effective from April 6, 2026, until December 8, 2027, within the context of the transition to the new Consumer Composite Investments regime.
The Government Resources and Accounts Act 2000 (Estimates and Accounts) (Amendment) Order 2025
- Culture and Sport
- Defence
- Devolution
- Economy
- Education
- Energy
- Environment
- Finance
- Foreign Policy
- Health and Social Care
- Housing
- Justice
- Labour
- Local Government
- Science
- Technology
- Transport
- Trade
- Department: HM Treasury
- Made under: Government Resources and Accounts Act 2000
The Treasury substituted the Schedule of the Government Resources and Accounts Act 2000 (Estimates and Accounts) Order 2025 with a revised list of designated bodies affecting supply estimates for the financial year ending March 31, 2026.
This Order, made by HM Treasury under the Government Resources and Accounts Act 2000, revises the list of designated central government bodies for the purpose of calculating supply estimates and resource accounts for the financial year ending March 31, 2026.
Specifically, it substitutes the entire Schedule of the principal Order (The Government Resources and Accounts Act 2000 (Estimates and Accounts) Order 2025) with an updated list organized by government department, adding, renaming, or removing various public sector bodies.
The Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025
- Department: HM Treasury
- Made under: Financial Services and Markets Act 2023
The Treasury enacted these Regulations to make resulting amendments to the Banking Act 2009 and various pieces of financial secondary legislation in connection with the revocation of retained EU prudential regulations.
These Regulations, made by the Treasury using powers granted under the Financial Services and Markets Act 2023, introduce consequential amendments to primary and secondary UK financial legislation.
The regulations align existing laws, specifically mentioning the Banking Act 2009 and various 2014, 2019, and 2020 secondary legislation, with the broader changes stemming from the revocation of retained EU law concerning prudential regulation, taking effect on January 1st, 2026.
The Financial Services and Markets Act 2023 (Commencement No. 10 and Saving Provisions) (Amendment) Regulations 2025
- Department: HM Treasury
- Made under: Financial Services and Markets Act 2023
The Treasury amended the 2025 Commencement No. 10 Regulations to save specific permissions granted by the PRA under the Capital Requirements Regulation and maintained the PRA's power to amend related delegated technical standards past January 1st, 2026.
The Treasury enacted these Regulations using powers under the Financial Services and Markets Act 2023 to amend the Financial Services and Markets Act 2023 (Commencement No. 10 and Saving Provisions) Regulations 2025.
The primary goal is to modify how permissions granted by the Prudential Regulation Authority (PRA) under provisions of the Capital Requirements Regulation are treated after their scheduled revocation takes effect on January 1st, 2026, by ensuring certain permissions continue to have effect under relevant sections of the Financial Services and Markets Act 2000 (FSMA 2000) and preserving the PRA’s power to update related delegated technical standards.
The Van Benefit and Car and Van Fuel Benefit Order 2025
- Department: HM Treasury
- Made under: Income Tax (Earnings and Pensions) Act 2003
The Treasury amended sections of the Income Tax (Earnings and Pensions) Act 2003, specifically increasing statutory monetary thresholds for calculating the taxable cash equivalent of car fuel benefits, van benefits, and van fuel benefits, effective from April 6, 2026.
The Treasury enacted this Order using powers under the Income Tax (Earnings and Pensions) Act 2003 to amend specific cash equivalent figures relating to the taxation of employee benefits for company cars and vans.
The Order increases the benchmark monetary amounts used to calculate the taxable benefit for car fuel, the cash equivalent of a van benefit, and the cash equivalent for van fuel.
These changes are effective from the 2026-27 tax year and subsequent tax years, affecting how private use of company vehicles is taxed as earnings.
The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2025
- Department: HM Treasury
- Made under: Corporation Tax Act 2010
The Treasury amended Part 8C of the Corporation Tax Act 2010 to exclude low-rate simple interest from the 45% restitution interest tax charge and adjusted the assessment time limit for chargeable interest.
These Regulations, enacted by HM Treasury, amend Part 8C of the Corporation Tax Act 2010, which imposes a 45% corporation tax rate on restitution interest paid by HMRC. The amendments primarily serve to exclude simple interest awarded at a rate equivalent to or lower than a statutory rate from this special tax charge and modify the time limit for assessing this tax, allowing assessments to be made later if payments are accounted for before a final determination has been reached.