Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Manston Airport Development Consent (Amendment) Order 2025
The Manston Airport Development Consent (Amendment) Order 2025 amends the 2022 order to extend the time limit for compulsory land acquisition from one to five years.
This amendment, made under the Planning Act 2008, addresses potential delays in the airport development project.
The order was signed by Kayla Marks, Head of the Transport and Works Act Orders Unit at the Department for Transport, on May 19, 2025 and comes into effect May 20, 2025.
The Medical Devices (Amendment) (Great Britain) Regulations 2025
The Medical Devices (Amendment) (Great Britain) Regulations 2025 amend the 2002 Medical Devices Regulations by removing specific revocation dates for assimilated EU laws.
This action maintains the existing regulatory framework for medical devices in Great Britain, ensuring public health safety, by removing now unnecessary dates for the revocation of several EU regulations.
The regulations came into force on May 24, 2025, applying to England, Wales, and Scotland.
These regulations, effective May 31, 2025, amend Schedule 26 of the Finance Act 2021 to increase penalties for late tax payments.
The first penalty for late payment (after 15 days) rises from 2% to 3%, while the second penalty (after 30 days) increases from 4% to 10%.
The changes apply to most tax payments due on or after May 31, 2025, with exceptions for specific tax years and VAT payments relating to earlier periods.
The Genetic Technology (Precision Breeding) Act 2023 (Commencement No. 1) Regulations 2025
These regulations, effective November 13, 2025, activate parts of the Genetic Technology (Precision Breeding) Act 2023.
The Act governs the release and sale of precision-bred organisms, specifically focusing on plants within England, Wales, and Scotland.
The regulations specify which sections of the Act come into force, primarily those concerning the release, marketing, risk assessment, and production of food from precision-bred plants, and their enforcement.
The Wireless Telegraphy (Spectrum Trading and Register) (Amendment) Regulations 2025
The Wireless Telegraphy (Spectrum Trading and Register) (Amendment) Regulations 2025, effective June 2nd, 2025, amend the 2012 Spectrum Trading and Register Regulations.
Key changes include updating the list of frequency bands available for shared access licenses in the 2.3 GHz, 26 GHz, and 40 GHz bands, as well as point-to-point licenses in the 7900-8400 MHz band, and removing Self Contained Links in the 64-66 GHz band from transfer eligibility.
The amendments aim to improve spectrum management, promote innovation, and enhance regulatory clarity for wireless telegraphy licenses.
These regulations empower the registrar to annotate company and limited liability partnership (LLP) registers with information regarding director disqualifications, non-compliance with information requests, company registration on false bases, and restrictions on public access to registrable person's particulars.
The goal is to improve transparency and clarity for those reviewing the registers, thus aiding better risk assessment and enforcement.
Specific provisions detail how these annotations will be made, clarifying the relevant information to be included and the timing of implementation.
The Retained EU Law (Revocation and Reform) Act 2023 (Social Security Co-ordination) (Compatibility) Regulations 2025
The Retained EU Law (Revocation and Reform) Act 2023 (Social Security Co-ordination) (Compatibility) Regulations 2025, effective June 4, 2025, ensure the compatibility of UK domestic law with retained EU law concerning social security coordination.
Specifically, it mandates compatibility between several UK insolvency and debt arrangement acts and relevant articles of EU Regulations 883/2004 and 987/2009, preserving international agreements on cross-border social security and debt recovery.
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.