Economy Legislation

Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.

The Customs (Tariff and Miscellaneous Amendments) (No. 3) Regulations 2025

Published: Wed 10th Sept 25

The Customs (Tariff and Miscellaneous Amendments) (No. 3) Regulations 2025, effective October 29, 2025, update several UK Customs regulations.

These amendments revise version numbers in documents pertaining to import duty rates, authorized use procedures, and the Tariff of the United Kingdom.

The changes aim to improve accuracy, streamline processes, and maintain alignment with international agreements.

The regulations were developed with consideration of recommendations from the Secretary of State and relevant international arrangements.

The Tonnage Tax (Training Requirement) (Amendment etc.) Regulations 2025

The Tonnage Tax (Training Requirement) (Amendment etc.) Regulations 2025, effective October 1st, 2025, amend the 2000 Regulations by raising payments in lieu of maritime training from £1,421 to £1,705 and the higher rate payment for training failures from £1,329 to £1,613.

These changes apply to relevant four-month periods after September 30th, 2025, and revoke the similar 2023 regulations.

The amendments increase funding for the Maritime Training Trust.

The Electricity (Individual Exemption from the Requirement for a Generation Licence) (Riverside Energy Park) (England) Order 2025

The Electricity (Individual Exemption from the Requirement for a Generation Licence) (Riverside Energy Park) (England) Order 2025 grants an indefinite exemption to Riverside Energy Park Limited from the requirement of obtaining a generation license for its Riverside 2 energy from waste facility in Belvedere, London.

This exemption is subject to conditions limiting power export to 100 megawatts and requiring connection to the national grid.

The order applies only to England and was enacted under the Electricity Act 1989.

The Response to the Committee on Climate Change Report (Extension of Period) Order 2025

The Response to the Committee on Climate Change Report (Extension of Period) Order 2025 extends the deadline for the UK government's response to the Committee on Climate Change's 2025 report from October 15th, 2025, to October 29th, 2025.

The order cites the need to allow sufficient time for a thorough response to the report's recommendations.

It was made under the powers granted by sections 37(5) and 90(3)(a) of the Climate Change Act 2008 and applies to the whole of the United Kingdom.

The Wireless Telegraphy (Licence Charges for the 900 MHz Frequency Band and the 1800 MHz Frequency Band) Regulations 2025

These regulations establish the licence charges payable to OFCOM for using the 900 MHz and 1800 MHz frequency bands in the UK. Effective September 30, 2025, the charges are calculated using formulas based on the Consumer Price Index (CPI) and the amount of kilohertz used.

Licensees can pay in monthly installments.

The regulations revoke the 2018 version and address outstanding payments.

The Alcoholic Products (Repayment Interest Rate) (Alcohol Duty) Regulations 2025

Published: Wed 6th Aug 25

The Alcoholic Products (Repayment Interest Rate) (Alcohol Duty) Regulations 2025, effective September 1st, 2025, establish a repayment interest rate for alcohol duty based on the Bank of England rate.

The rate is calculated as the higher of 0.5% per annum or the Bank of England rate minus 1%, with an initial rate determined by the Bank of England rate on or before August 21st, 2025.

Any rate changes apply retroactively to interest accrued before the effective date.

These regulations aim to ensure fairness and transparency in alcohol duty repayments.

The Finance Act 2009 (Section 101) (Alcohol Duty) (Appointed Day) Order 2025

This Order, made under the Finance Act 2009, sets September 1st, 2025, as the commencement date for applying late payment interest to alcohol duty owed to Her Majesty's Revenue and Customs (HMRC).

The interest regime is defined in section 101 of the Finance Act 2009 and applies to sums due under any enactment but paid late.

The applicable interest rate is detailed in the Taxes and Duties, etc (Interest Rate) Regulations 2011.

The Electricity Capacity (Amendment) (No. 2) Regulations 2025

Published: Fri 25th Jul 25

These regulations amend the 2014 Electricity Capacity Regulations to create a managed termination process for capacity agreements.

This allows capacity providers to switch to Contracts for Difference (CFDs) involving carbon capture and storage (CCS) without penalty, facilitating investment in CCS technology while safeguarding electricity supply.

The amendments also revoke redundant provisions in related legislation.