Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
The Government Resources and Accounts Act 2000 (Estimates and Accounts) (Amendment) Order 2025
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- Department: HM Treasury
- Made under: Government Resources and Accounts Act 2000
The Treasury substituted the Schedule of the Government Resources and Accounts Act 2000 (Estimates and Accounts) Order 2025 with a revised list of designated bodies affecting supply estimates for the financial year ending March 31, 2026.
This Order, made by HM Treasury under the Government Resources and Accounts Act 2000, revises the list of designated central government bodies for the purpose of calculating supply estimates and resource accounts for the financial year ending March 31, 2026.
Specifically, it substitutes the entire Schedule of the principal Order (The Government Resources and Accounts Act 2000 (Estimates and Accounts) Order 2025) with an updated list organized by government department, adding, renaming, or removing various public sector bodies.
The Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025
- Department: HM Treasury
- Made under: Financial Services and Markets Act 2023
The Treasury enacted these Regulations to make resulting amendments to the Banking Act 2009 and various pieces of financial secondary legislation in connection with the revocation of retained EU prudential regulations.
These Regulations, made by the Treasury using powers granted under the Financial Services and Markets Act 2023, introduce consequential amendments to primary and secondary UK financial legislation.
The regulations align existing laws, specifically mentioning the Banking Act 2009 and various 2014, 2019, and 2020 secondary legislation, with the broader changes stemming from the revocation of retained EU law concerning prudential regulation, taking effect on January 1st, 2026.
The Infrastructure (Wales) Act 2024 (Consequential Amendments) Order 2025
- Department: Wales Office
- Made under: Government of Wales Act 2006
The Order amended the Nuclear Installations Act 1965, the Planning (Hazardous Substances) Act 1990, and the Finance Act 2013 to reflect the introduction of infrastructure consent under the Infrastructure (Wales) Act 2024.
The Secretary of State, exercising powers under the Government of Wales Act 2006, enacted this Order to introduce necessary consequential amendments to existing legislation following the passing of the Infrastructure (Wales) Act 2024.
This Order modifies the Nuclear Installations Act 1965 to include infrastructure consent when considering site licences, amends the Planning (Hazardous Substances) Act 1990 regarding consultation requirements related to government authorisation, and updates the Finance Act 2013 to incorporate infrastructure consent into rules governing the conversion of dwellings for non-residential use, ensuring legal alignment with the new infrastructure consenting process in Wales.
The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025
- Made under: Sanctions and Anti-Money Laundering Act 2018
The Order amended thirty-four existing UK Sanctions Orders in Council concerning Overseas Territories to implement changes from the Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024, including updating finance-related reporting obligations and expanding definitions of regulated firms.
The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025, enacted under the Sanctions and Anti-Money Laundering Act 2018, makes widespread technical amendments across numerous extant sanctions Orders applicable to listed British overseas territories (OTs).
The primary purpose is to align OT sanctions legislation with recent UK amendments (specifically the Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024), particularly by clarifying financial regulatory authority roles (transferring responsibilities from the Treasury to the Governor) and expanding the scope of 'relevant firms' subject to reporting obligations to include entities dealing with cryptoassets, high-value goods transactions, and insolvency proceedings.
The Double Taxation Relief and International Tax Enforcement (Romania) Order 2025
The Order enacts the new Double Taxation Convention and Protocol with Romania, detailing rules for taxing income, capital gains, permanent establishments, and introducing mutual agreement and information exchange procedures.
This Order, made by His Majesty in Council, formally brings into effect the Convention and Protocol between the United Kingdom and Romania, signed in November 2024, designed to eliminate double taxation on income and capital gains, prevent tax evasion and avoidance, and establish frameworks for mutual assistance in tax enforcement between the two countries, thereby replacing the previous 1975 Convention.
The Double Taxation Relief and International Tax Enforcement (Andorra) Order 2025
* The Order enacted the Double Taxation Convention between the UK and Andorra for income and capital taxes, including supplemental Notes Verbales to correct clerical errors within the Convention text.
This Order formally brings into effect the Convention between the United Kingdom of Great Britain and Northern Ireland and the Principality of Andorra, signed on February 20, 2025, aimed at eliminating double taxation on income and capital, preventing tax evasion and avoidance, and facilitating international tax enforcement; the Schedule includes the full text of this Convention, along with subsequent Notes Verbales from June 2025 that formally correct a clerical error found in Article 18 concerning Government Service payments, making the corrected text legally effective upon the Order's enactment.
The Double Taxation Relief and International Tax Enforcement (Portuguese Republic) Order 2025
The Order brought into effect the Double Taxation Convention and Protocol between the UK and the Portuguese Republic to eliminate double taxation and enhance tax enforcement.
This Order formally enacts into UK law a new Convention and accompanying Protocol between the United Kingdom and the Portuguese Republic, signed in September 2025, designed to eliminate double taxation on income and capital gains, prevent tax evasion and avoidance, and establish mechanisms for mutual assistance in tax enforcement, thereby clarifying taxing rights and providing legal certainty for residents and enterprises of both nations concerning income tax, corporation tax, and capital gains tax.
The Double Taxation Relief and International Tax Enforcement (Peru) Order 2025
The UK and Peru enacted a Convention and Protocol to eliminate double taxation on income and capital gains, prevent tax avoidance, and establish mechanisms for tax enforcement assistance.
This Order formally brings into force the Convention and accompanying Protocol between the United Kingdom of Great Britain and Northern Ireland and the Republic of Peru, which aims to eliminate double taxation on income and capital gains, prevent tax evasion and avoidance, and establish mutual assistance mechanisms for international tax enforcement, setting out detailed rules for the allocation of taxing rights, definitions of residency and permanent establishment, and procedures for dispute resolution.