Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Value Added Tax (Amendment) Regulations 2025, effective June 14th, 2025, amend the 1995 VAT Regulations to allow the Commissioners of His Majesty's Revenue and Customs to extend deadlines for final VAT returns.
This power applies to individuals ceasing VAT registration on or after June 14th, 2025, providing additional flexibility in specific circumstances.
The Transfer of Functions (Digital Government) Order 2025
The Transfer of Functions (Digital Government) Order 2025, effective June 3rd, 2025, transfers specified digital government functions from the Minister for the Cabinet Office to the Secretary of State and the Secretary of State for Science, Innovation and Technology.
This includes functions under the Public Sector Bodies (Websites and Mobile Applications) (No. 2) Accessibility Regulations 2018 and sections of the Digital Economy Act 2017.
The order also transfers related property, rights, and liabilities, and includes supplementary provisions to address ongoing processes and legal implications.
Consequential amendments are made to relevant legislation to reflect the functional changes.
The Blyth (Extension of Limits) Harbour Revision Order 2025
The Blyth (Extension of Limits) Harbour Revision Order 2025, enacted by the Marine Management Organisation, extends the Blyth Harbour limits to encompass Ash Barge Dock.
The order amends the Blyth Harbour Act 1986 to reflect this change, defining "Ash Barge Dock" and incorporating it into the harbour's jurisdictional boundaries.
The order also protects the rights of Trinity House and safeguards Crown interests.
It came into force on June 2nd, 2025, and applies to England and Wales.
The Agriculture (Delinked Payments) (Reductions) (England) Regulations 2025
The Agriculture (Delinked Payments) (Reductions) (England) Regulations 2025, enacted under the Agriculture Act 2020, mandate reductions to delinked payments for English farmers in 2025.
These reductions are tiered based on the payment amount, with a 76% reduction for payments up to £30,000 and a 100% reduction for amounts above that threshold, impacting several sections of previously enacted Delinked Payments Regulations.
The regulations clarify how these percentages are to be applied and came into effect 21 days after their creation.
The Town and Country Planning (General Permitted Development) (England) (Amendment) Order 2025
This order amends the 2015 Town and Country Planning (General Permitted Development) Order for England.
Key changes include relaxing restrictions on installing electric vehicle charging points and air source heat pumps, streamlining planning processes for these developments.
Specific alterations involve removing certain limitations on the size, location, and number of permitted installations.
A transitional provision allows continued development under previous regulations for a limited time.
The Licensing Act 2003 (Victory in Europe Day Licensing Hours) Order 2025
This Order, made under the Licensing Act 2003, extends licensing hours for on-premises alcohol sales and related activities in England and Wales from 11 pm on May 8th, 2025, to 1 am on May 9th, 2025, to mark the 80th anniversary of Victory in Europe Day.
The extension applies only to premises already open during the specified times and excludes off-premises alcohol sales and regulated entertainment, unless served concurrently with on-premises alcohol sales.
Parliament approved a draft of this Order.
The Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) (Amendment) Order 2025
This Order amends the Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) Order 2021.
The amendments clarify the descriptions of accredited financial investigators for handling cryptoassets and converted cryptoassets within civil recovery procedures under Chapters 3C, 3D, and 3F of Part 5.
The changes take effect on May 27, 2025, and apply to England, Wales, and Northern Ireland.
The lack of a full impact assessment suggests minimal anticipated effect on the public or private sectors.
The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2025, issued by the Treasury, specifies fourteen gilt-edged securities as exempt from capital gains tax under the Taxation of Chargeable Gains Act 1992.
This action simplifies tax administration and supports efficient government borrowing by providing certainty for investors.