Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
Adjusted the types and quantities of alcohol that travellers can bring into Great Britain without paying excise duty.
This Order modifies the tax and duty-free allowances for goods imported into Great Britain by travellers in their personal luggage.
It updates the classifications for alcoholic products to include cider alongside beer, replaces references to 'still wine' with a broader 'wine' category, and adjusts the quantity thresholds for various excise goods.
The requirements apply to any individual entering Great Britain from outside the United Kingdom, while distinct rules remain in place for Northern Ireland.
Corrected a drafting error in the fee-related schedule of the 2026 maritime regulations.
This correction slip amends a typographical error found in Schedule 4 of the Merchant Shipping (Port State Control) Regulations 2026.
It specifically alters the instruction for amending the Merchant Shipping (Fees) Regulations 2018 to ensure that the reference to the 2026 Regulations is inserted after an existing reference rather than replacing the word 'None'.
The document applies to the King's Printer and registry officials responsible for the accurate publication of UK secondary legislation.
Corrected typographical errors and cross-reference numbers in the 2026 anti-money laundering regulations.
This document issues technical corrections to the Money Laundering and Terrorist Financing (Amendment) Regulations 2026.
It amends specific cross-references within regulation 15 and regulation 26 to ensure the legal text accurately refers to the intended sub-paragraphs and numbered lists.
These corrections apply to the same financial institutions and reporting entities regulated under the original 2026 instrument.
The Electricity Capacity (Amendment and Transitional Provision) Regulations 2026
Increased Capacity Market termination fees and credit cover requirements while updating rules for insolvency-related payment withholding and supplier reconciliation schedules.
These Regulations amend the framework governing the UK Electricity Capacity Market to increase financial security requirements and update administrative procedures.
The instrument raises the rates for termination fees and applicant credit cover, introduces new protocols for withholding payments following insolvency events, and permits the Gas and Electricity Markets Authority to alter the timetable for supplier charge reconciliation.
The measures apply to the Delivery Body (National Energy System Operator), the Settlement Body (Electricity Settlements Company), and all capacity providers and electricity suppliers participating in the Capacity Market in England, Wales, and Scotland.
The English Devolution and Community Empowerment Act 2026 (Commencement No. 2) Regulations 2026
Activated legal provisions establishing a new Local Audit Office and reforming local government pension accounting and audit committee requirements from 15 July 2026.
This instrument brings into force several sections of the English Devolution and Community Empowerment Act 2026 on 15 July 2026, primarily affecting local authorities and pension scheme managers in England.
It establishes the Local Audit Office, mandates audit committees for Category 1 authorities, and introduces new requirements for cooperation between local government pension scheme managers.
The regulations also authorize the separation of pension scheme accounts and modify how smaller authorities are categorized for audit purposes when financial reviews are outstanding.
The Carbon Border Adjustment Mechanism (Transitory Provision) Regulations 2026
Adjusted the initial registration deadlines and accounting periods for the new UK carbon import tax system.
These regulations establish temporary administrative rules for the introduction of the UK Carbon Border Adjustment Mechanism (CBAM) between January 2027 and June 2028.
They direct HM Revenue and Customs (HMRC) to apply modified registration deadlines, accounting periods, and payment dates for importers who trigger CBAM liabilities during the initial rollout.
The measures apply to any person or business importing carbon-intensive goods that fall under the scope of the Finance Act 2026.
The Employment and Trading Income etc. (Loan Charge Settlement Scheme) Regulations 2026
Established a formal tax settlement scheme for individuals and employers to resolve outstanding loan charge liabilities and associated inheritance tax issues.
These regulations establish the Loan Charge Settlement Scheme, providing a framework for individuals and corporate employers to settle liabilities arising from certain loans or quasi-loans treated as employment or trading income.
The instrument directs HM Revenue and Customs (HMRC) to identify eligible persons, calculate settlement offers using prescribed methodologies, and manage the collection of settlement amounts as Crown debts.
It applies to taxpayers liable for loan charge amounts under the Finance (No. 2) Act 2017, excluding those suspected of being tax arrangement promoters, and introduces specific inheritance tax exemptions for those who enter into a settlement agreement.
The Climate Change Agreements (Administration, Energy-intensive Installations and Eligible Facilities) (Amendment and Revocation) Regulations 2026
Revised the eligibility criteria and sectors for Climate Change Levy discounts and updated the buy-out fee calculation formula.
These regulations update the administrative framework and eligibility criteria for the Climate Change Levy (CCL) reduction scheme, effective from 1 January 2027.
The instrument defines which energy-intensive installations and processes, ranging from chemical manufacturing to data centers and battery production, qualify for climate change agreements.
It directs the Treasury and the Secretary of State to oversee a revised list of eligible facilities while amending the formula used to calculate buy-out fees for participants who fail to meet energy efficiency or emissions targets.