Economy Legislation

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

The Electricity Act 1989 (Requirement of Consent for Solar Generating Stations) (England) Order 2025

The Electricity Act 1989 (Requirement of Consent for Solar Generating Stations) (England) Order 2025, effective December 31, 2025, amends the 1989 Act to increase the permitted capacity of solar generating stations in England from 50 to 100 megawatts before requiring Secretary of State consent.

The Order applies to England and Wales and is supported by a separate impact assessment.

The Customs (Preferential Trade Arrangements and Tariff Quotas) (US) (Amendment) Regulations 2025

These regulations, effective June 30, 2025, amend existing UK customs rules to incorporate a new preferential trade agreement and tariff quota for US beef, stemming from the General Terms for the United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal concluded on May 8, 2025.

The changes add a new quota to the Customs (Tariff Quotas) (EU Exit) Regulations 2020 and include the new agreement details within the Customs Tariff (Preferential Trade Arrangements) (EU Exit) Regulations 2020.

The regulations apply to England, Wales, Scotland, and Northern Ireland.

The Customs (Tariff and Miscellaneous Amendments) (No. 2) Regulations 2025

Published: Fri 27th Jun 25

The Customs (Tariff and Miscellaneous Amendments) (No. 2) Regulations 2025 amend several existing UK customs regulations.

These amendments update various referenced documents related to import duties, authorized uses, preferential trade arrangements, and reflect changes made in the EU. Specifically, the regulations update version numbers for documents related to authorized uses, the UK Tariff, import duty suspensions, and preferential tariffs with Andean countries.

Importantly, the regulations also revoke provisions related to duties on Ukrainian and Moldovan goods, simplifying regulations in these specific areas.

The Scotland Act 1998 (Increase of Borrowing Limits) Order 2025

Published: Fri 27th Jun 25

The Scotland Act 1998 (Increase of Borrowing Limits) Order 2025 raises Scotland's borrowing limits under the Scotland Act 1998.

Specifically, it increases the lending limit under section 67(2) from £1,779.351 million to £1,834.303 million and the capital expenditure limit under section 67A(1) from £3,050.316 million to £3,144.519 million.

The Order supersedes the 2024 Order and applies to England, Wales, Scotland, and Northern Ireland.

It came into effect the day after its enactment.

The Online Safety Act 2023 (Fees Notification) Regulations 2025

The Online Safety Act 2023 (Fees Notification) Regulations 2025, effective September 14, 2025, mandate evidence submission by providers of regulated online services to OFCOM for fee calculations under the 2023 Act.

These regulations specify the required information, including financial statements and declarations of accuracy, and the prescribed method for submission, clarifying the process outlined in the Online Safety Act 2023.

The Enterprise Act 2002 (Amendment of Section 58 Considerations) Order 2025

The Enterprise Act 2002 (Amendment of Section 58 Considerations) Order 2025, effective July 24, 2025, amends the Enterprise Act 2002 to modernize its approach to media mergers.

It updates terminology, replacing 'newspapers' with 'news media' and including broadcasting, thus expanding and clarifying the public interest considerations involved in merger reviews.

These amendments also entail procedural changes in designated sections of the Act and the Enterprise and Regulatory Reform Act 2013.

A savings provision protects the effects of pre-existing decisions.

The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025

These regulations implement the OECD Crypto-Asset Reporting Framework in the UK, mandating due diligence, record-keeping, and reporting obligations for UK cryptoasset service providers.

They detail procedures for self-certification, reporting to HMRC via an electronic system, and notification to users.

Penalties are outlined for various breaches, including failure to comply with due diligence, record-keeping, reporting, and notification requirements, along with provision for appeals.

An anti-avoidance clause is included.

The Individual Savings Account (Amendment) Regulations 2025

These regulations amend the Individual Savings Account Regulations 1998, clarifying definitions, updating subscription rules, and limiting withdrawals.

Key changes include defining "long-term asset fund," requiring national insurance information for non-junior ISA subscriptions, restricting replacement subscriptions to the original account, preventing withdrawals that reduce the current year's subscription below zero, and specifying qualifying investments for stocks and shares and innovative finance components until the end of 2026.

The changes mostly take effect from July 15th, 2025, except for one regulation commencing April 6th, 2027.