Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Airports Slot Allocation (Alleviation of Usage Requirements) Regulations 2026
Amended airport slot usage rules to allow airlines to return a portion of allocated capacity during 2026 without forfeiting future historic rights.
These Regulations amend the rules governing how airport slot usage is calculated for the Summer 2026 and Winter 2026/27 scheduling periods at airports in England, Wales, and Scotland.
They authorize a temporary deviation from standard 'use-it-or-lose-it' thresholds by allowing air carriers to return up to 10% of their allocated slots—in two distinct 5% phases—without those slots counting against their usage record for future entitlement.
To qualify for this alleviation, carriers must have held historic rights to the slots, provided at least 14 days' notice to passengers regarding cancellations, and confirmed they have not ceased operations at the airport.
The Regulations apply to airport slot coordinators and air carriers operating at coordinated airports.
Amended maritime labour regulations to expand ship security documentation requirements and mandate seafarer rights disclosures by recruitment agencies.
This statutory instrument amends existing UK maritime regulations to align with international standards set by the Maritime Labour Convention.
It directs shipowners to include the identity of a ship's registered owner on security documents and mandates that recruitment agencies inform seafarers of their rights under financial protection systems before employment begins.
The regulations apply to shipowners, registered owners, and employment agencies or businesses involved in the recruitment and placement of seafarers on sea-going ships.
A typographical error in the first signature block on page 24 of The Vaping Products (Production, Duty Stamps and Commencement) Regulations 2026 was officially corrected, changing 'Justin Holiday' to 'Justin Holliday'.
This document serves as an official correction notice for The Vaping Products (Production, Duty Stamps and Commencement) Regulations 2026, amending a typographical error found on page 24 in the first signature block where the name 'Justin Holiday' was mistakenly written as 'Justin Holiday'.
The National Savings (Remediation Scheme) (No. 2) Regulations 2026
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
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 Regulations amended the 2003 PAYE Regulations to grant HMRC authority for using PAYE coding to collect the Winter Fuel Payment Charge.
These Regulations, enacted by His Majesty's Revenue and Customs (HMRC), amend the primary Income Tax (Pay As You Earn) Regulations 2003 to authorize HMRC to implement PAYE coding adjustments specifically for the purpose of collecting the Winter Fuel Payment Charge throughout a tax year.
This amendment inserts a new regulation (14BA) allowing HMRC to determine taxpayer codes to ensure the income tax liability arising from the Winter Fuel Payment Charge is deducted from PAYE income during the year, and to manage any resultant overpayments.
The regulations amended the Customs Safety and Security (Penalty) Regulations 2019 and Commission Implementing Regulation (EU) 2015/2447 to update terminology, clarify liability for customs declarations, and revise outdated legislative citations.
These Statutory Instruments amend existing UK customs legislation concerning safety and security procedures, primarily by modifying the Customs Safety and Security (Penalty) Regulations 2019 and the Commission Implementing Regulation (EU) 2015/2447.
The key changes involve introducing the definition of a 'customs representative' for penalty purposes, clarifying liability for entry summary and pre-departure declarations, mandating arrival notifications for vessels and aircraft, and updating obsolete legislative references within the implementing rules.
Government enacted miscellaneous amendments to existing customs regulations concerning bulk declarations, carnet usage, import duty interest calculation, and approval conditions for storage facilities, effective June 30th, 2026.
These Regulations, made by HM Revenue and Customs and the Treasury, introduce several amendments to existing UK customs legislation enacted following the EU exit, primarily concerning bulk Customs declarations, the acceptance of both paper and electronic customs carnets, the calculation of interest on late import duty liabilities, and providing HMRC with powers to require necessary examination or storage functions to be conducted at approved 'off-site facilities'.
The rules come into force on June 30th, 2026, with specific provisions taking effect retrospectively or immediately upon that date.