Finance Legislation

Laws governing financial services, banking regulation, insurance, investment, and securities trading.

The Social Security (Contributions) (Amendment) Regulations 2025

These regulations modify the Social Security (Contributions) Regulations 2001.

They mandate that employers claiming zero-rate secondary Class 1 National Insurance contributions for employees working in designated freeports or investment zones must include the employee's workplace postcode (or an HMRC-provided alternative code) in their Full Payment Submission.

This aims to improve data collection and ensure compliance with existing legislation regarding tax relief in these specific zones.

The Communications (Television Licensing) (Amendment) Regulations 2025

The Communications (Television Licensing) (Amendment) Regulations 2025 implements changes to UK television license fees effective April 1, 2025.

The regulations increase the standard color TV license fee from £169.50 to £174.50 and the black and white license fee from £57.00 to £58.50.

Various installment payment schemes are adjusted accordingly, with updates to premium, budget, easy entry, and simple payment plans.

The regulations apply across the UK, Channel Islands, and Isle of Man, with certain provisions for specific territories.

The Excise Duties (Miscellaneous Amendments and Revocations) (Amendment) Regulations 2025

Published: Fri 7th Feb 25

The Excise Duties (Miscellaneous Amendments and Revocations) (Amendment) Regulations 2025, effective February 28, 2025, correct a defect in the 2024 regulations by omitting regulation 10.

These regulations were made under the powers of the Customs and Excise Management Act 1979 and don't involve substantive tax policy alterations, according to the explanatory note.

The Carriage by Air (Revision of Limits of Liability under the Montreal Convention) Order 2025

This Order, effective February 7th, 2025, updates the liability limits for air carriers under the Montreal Convention.

It adopts the revised limits certified by the International Civil Aviation Organization (ICAO) following their five-yearly review process, replacing the 2021 limits.

The revised figures, expressed in Special Drawing Rights (SDRs), are detailed within the Order, and the Order applies across England, Wales, Scotland, and Northern Ireland.

The Designation of Special Tax Sites (East Midlands Investment Zone) Regulations 2025

These regulations, enacted under the Finance Act 2021, designate three areas in the East Midlands as 'special tax sites' to boost economic activity within the East Midlands Investment Zone.

This designation provides enhanced capital allowances for plant, machinery, structures, and buildings, along with stamp duty land tax relief, for qualifying companies and investments within these zones.

The designated sites are explicitly defined by maps, and the regulations took effect on February 26, 2025.

The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025

Published: Tue 4th Feb 25

The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 amend the 2022 rules governing the insolvency process for payment and electronic money institutions in Scotland.

The amendments correct drafting errors flagged by the Joint Committee on Statutory Instruments, specifically in relation to administrator notification requirements, and add further details needed in those notices.

The changes improve the accuracy and clarity of the insolvency procedure, particularly concerning the content of notices issued by administrators.