Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Government of Wales Act 2006 (Increase of Capital Borrowing Limits) Order 2026
This Order increases the maximum amount of money the Welsh Ministers can borrow to fund capital expenditure.
It amends section 122A(1) of the Government of Wales Act 2006, raising the aggregate borrowing limit from £1,000 million to £1,100 million.
The Order applies to the Welsh Government and comes into force on 16 July 2026, extending to the whole of the United Kingdom to ensure the statutory change is recognized across all legal jurisdictions.
The Equality Act 2010 (Code of Practice on Services, Public Functions and Associations) (Commencement) Order 2026
This Order brings into force a revised Code of Practice issued by the Commission for Equality and Human Rights regarding services, public functions, and associations under the Equality Act 2010.
It applies to any person or organization providing services to the public, exercising public functions, or managing associations in England, Wales, and Scotland.
The Order ensures the 2026 Code of Practice takes effect immediately after the revocation of the previous 2011 version, providing a statutory basis for the new guidance to be used in legal proceedings.
The Carbon Border Adjustment Mechanism (Calculation of CBAM Rate and Determination of Carbon Price Relief) Regulations 2026
These Regulations establish the technical framework for determining the UK Carbon Border Adjustment Mechanism (CBAM) rate and the eligibility for carbon price relief starting 1 January 2027.
The instrument directs HM Revenue and Customs and the Treasury to oversee calculations based on UK Emissions Trading Scheme auction prices and sets strict verification standards for importers seeking to reduce their CBAM liability.
It applies to importers of specified carbon-intensive goods, requiring them to calculate an effective carbon price paid in the country of origin and maintain comprehensive records for six years.
The Digital Communications and Contact Details Regulations 2026
These Regulations authorize the Commissioners for His Majesty's Revenue and Customs (HMRC) to designate specific taxation matters as 'default digital matters,' enabling the agency to use electronic communications with taxpayers by default unless they formally opt out.
The instrument requires individuals using HMRC online services for these matters to provide and maintain accurate digital contact details, such as email addresses.
It applies to any person or entity interacting with HMRC's digital services and empowers the Commissioners to suspend service access for those who fail to provide required contact information without a reasonable excuse.
These Regulations establish the commencement dates for the mandatory registration of tax advisers under the Finance Act 2026 and provide transitional arrangements for existing practitioners.
The order introduces a staggered implementation schedule, dividing tax advisers into four tranches based on their current HMRC digital credentials and the specific types of services they provide, such as payroll or regulated financial activities.
The Treasury directs that advisers with an existing Agent Services Account be automatically deemed registered as of 18 August 2026, while other advisers must comply by specific deadlines ranging through April 2027.
The Customs Tariff (Suspension of Import Duty Rates) (Amendment) Regulations 2026
These Regulations update the United Kingdom’s list of goods exempt from certain import duties and modify the conditions under which these suspensions apply.
They direct the use of an updated Tariff Suspension Document, which incorporates new business-requested suspensions and technical corrections.
The regulations apply to all importers of goods into the UK, specifically empowering the Treasury to enforce geographic restrictions, such as the exclusion of goods from Russia and Belarus, by broadening the types of conditions that can be attached to duty suspensions.
The Carbon Border Adjustment Mechanism (Administrative Provisions) Regulations 2026
These regulations establish the administrative framework for the UK Carbon Border Adjustment Mechanism (CBAM), detailing the requirements for persons importing CBAM goods into the United Kingdom.
The document directs importers to register with HM Revenue and Customs (HMRC), maintain specific records for six years, and submit returns containing commodity codes, product weights, and origin data.
It further authorizes HMRC officers to estimate the weight of goods for tax purposes if records are insufficient and sets strict conditions for reimbursement arrangements to prevent the unjust enrichment of claimants.
These regulations amend existing rules governing the Register of Overseas Entities and Limited Liability Partnerships (LLPs) to modify how individual information is protected and disclosed.
They direct that individuals applying to suppress their home address from the public register must provide a service address but waive certain evidence requirements for specific protection grounds.
The regulations also permit the Registrar of Companies to disclose trust information even if a portion of the request involving a minor is denied, and they remove the requirement for LLPs to provide service addresses for certain persons with significant control.
These rules apply to overseas entities, their beneficial owners, managing officers, and limited liability partnerships across the United Kingdom.