Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
These Regulations, made by the Commissioners of His Majesty’s Revenue and Customs (HMRC), amend the Economic Crime (Anti-Money Laundering) Levy Regulations 2022, specifically addressing the procedure for repaying levy amounts that have been overpaid.
The amendment clarifies that if the responsibility for collecting unpaid levy amounts is transferred from the Financial Conduct Authority or the Gambling Commission to the HMRC Commissioners, then HMRC Commissioners become the appropriate authority responsible for issuing any repayment of amounts subsequently found to have been overpaid.
The Wireless Telegraphy (Mobile Spectrum Trading) (Amendment) (No. 2) Regulations 2025
The Office of Communications (OFCOM) enacted these Regulations under the authority of the Wireless Telegraphy Act 2006 to amend the 2011 Mobile Spectrum Trading Regulations, specifically modifying Regulation 6 which defines circumstances where a transfer of licence rights and obligations is not authorized.
The primary changes involve removing the requirement that all instalment payments towards a licence charge must be paid before a transfer can occur, and updating the references within the regulation concerning outstanding sums payable under the 900 MHz, 1800 MHz, and 2100 MHz frequency band licence charge regulations to reflect the current 2025 legislation.
The Aviation Safety (Amendment) Regulations 2025
The Aviation Safety (Amendment) Regulations 2025 enact changes to UK retained EU aviation safety legislation, primarily by amending Commission Regulations (EU) No 1321/2014 and 2018/1139.
These amendments focus on correcting cross-references and terminology within continuing airworthiness (Part-M), maintenance standards (Part-145), and maintenance licensing (Part-66 Appendix 8).
Key changes include updating rules for maintenance data access, refining conditions for acceptable component release documentation (like substituting Form 1 with a 'declaration of maintenance accomplished'), clarifying record-keeping mandates for maintenance organisations, and adjusting rules for re-taking Category L aircraft maintenance licence examinations.
These Regulations, enacted by the Commissioners for His Majesty’s Revenue and Customs, amend the Income Tax (Pay As You Earn) Regulations 2003, which come into force on November 24th, 2025.
The primary changes substitute references relating to the 'Inland Revenue' with 'HMRC' in two specific areas: the interpretation definition and the regulations concerning the use of unauthorized electronic communication methods.
These amendments are largely consequential and aimed at updating terminology and allowing Commissioners to undertake functions previously reserved for officers.
The Financial Services (Overseas Recognition Regime Designations) Regulations 2025 establish the framework under which HM Treasury can designate the laws and practices of other countries or territories as equivalent to UK financial services and markets law, exercising powers granted by the Financial Services and Markets Act 2023.
The Regulations define what constitutes an 'overseas recognition regime designation,' grant the Treasury power to impose conditions, require decision-making coordination among the Treasury and key regulators (FCA, PRA, Bank of England), and introduce specific information-gathering powers.
Furthermore, the document amends existing legislation regarding insurance and short selling regulations to align them with this new designation regime.
The Registrar of Companies (Fees) (Amendment) Regulations 2025, made under the powers of the Companies Act 2006, revise the fees payable for various company registration and administrative functions, effective from February 1st, 2026.
These regulations amend fees for companies, overseas companies, limited liability partnerships, limited partnerships (including Scottish entities), and European Economic Interest Groupings, generally increasing many of the established charges to reflect increased costs, while also revoking certain fees concerning document inspection and copying, allowing the Registrar discretion to set such fees administratively going forward.
The Post Office Capture Redress Scheme (Tax Exemptions and Relief) Regulations 2025 implement tax relief measures for compensation payments made under the scheme designed to redress individuals adversely affected by the Post Office's 'Capture system.' These regulations, made by the Treasury under powers from the Finance Act 2020, specifically ensure that compensation payouts are exempt from Income Tax, Capital Gains Tax, and Corporation Tax, and provide relief from Inheritance Tax, applying these exemptions retrospectively to payments received or disposals made from October 27, 2025.
These Regulations, enacted by the Minister for the Civil Service with Treasury consent, amend the 2014 and 2023 Public Service (Civil Servants and Others) Pensions Regulations to address issues stemming from unlawful age discrimination in transitional protection arrangements for public service pension schemes, commonly known as remediable service. The amendments introduce specific provisions allowing scheme managers and decision-makers to reconsider or rectify past benefit calculations, including specific opt-out windows, ill-health retirement assessments, and partial/early retirement recalculations for members whose service spanned the Principal Civil Service Pension Scheme (PCSPS) and alpha scheme.
Furthermore, they clarify rules regarding voiding inaccurate service statements, treatment of divorce liabilities, and determining eligible decision-makers for deceased members.