Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
The Non-Domestic Rating (Definition of Domestic Property) (England) Order 2026
Amended the criteria for classifying self-catering accommodation as non-domestic property for business rating purposes in England.
This Order amends the Local Government Finance Act 1988 to modify the definition of domestic property in England specifically concerning self-catering accommodation.
It directs that the standard requirements for a property to have been available for 140 days and actually let for 70 days in the previous year to qualify as non-domestic do not apply to properties occupied with other non-domestic land or to sites containing five or more self-catering units.
These changes apply to property owners, valuation officers, and local billing authorities responsible for determining whether a property is subject to non-domestic rates or council tax.
The National Health Service (Pharmaceutical and Local Pharmaceutical Services) (Amendment) Regulations 2026
Added meningitis, tetanus, diphtheria, and polio vaccines to the list of medicines subject to zero or nominal NHS reimbursement in England starting 20 July 2026.
These regulations amend the National Health Service (Pharmaceutical and Local Pharmaceutical Services) Regulations 2013 to include several additional vaccines in the list of medicines eligible for zero or nominal reimbursement.
They apply to NHS pharmaceutical service providers in England who administer centrally purchased vaccines for meningococcal disease (groups A, C, W, Y, and B), tetanus, diphtheria, and polio.
The instrument ensures that where the government has already paid for the supply of these vaccines, pharmacies do not receive a standard purchase price reimbursement for them.
Adjusted pension tax laws and reporting requirements to finalize the abolition of the lifetime allowance.
These Regulations amend and modify primary and secondary legislation to facilitate the removal of the pension lifetime allowance and its associated tax charge.
They establish new protocols for calculating an individual's lump sum allowance and lump sum death benefit allowance, particularly regarding payments from overseas pension schemes and the order of benefits occurring on the same day.
The instrument applies to pension scheme administrators, individuals receiving pension lump sums, and the Financial Assistance Scheme manager, primarily effective for the 2024-25 tax year and beyond.
The Inter-authority Recoupment (England) (Amendment) Regulations 2026
Amended existing regulations to establish a new mandatory framework for financial recoupment between English local authorities for the education of looked after children with special educational needs from September 2026.
These Regulations amend the Inter-authority Recoupment (England) Regulations 2013 to establish new procedures for how local authorities in England reimburse one another for the cost of educating looked after children.
The instrument mandates that for education provided from 1st September 2026, a child's 'home' authority must pay a 'providing' authority for costs associated with a child who has an Education, Health and Care (EHC) plan or attends a special school.
If authorities cannot agree on a figure within six months of a claim, the home authority must pay the total expenditure incurred by the providing authority, including transport costs but excluding Dedicated Schools Grant funding.
The Regulations apply to local authorities in England and Wales but specifically govern the financial relationship between English home and providing authorities.
Amended a footnote in the Single Source Contract (Amendment) Regulations 2026 to include a statutory definition reference.
This document corrects a footnoting error in the Single Source Contract (Amendment) Regulations 2026.
It inserts a reference to Section 14(1) of the Defence Reform Act 2014 to provide the legal definition of 'single source regulations'.
The correction applies to all parties referencing the statutory authority of these procurement regulations.
The Social Security (Contributions) (Amendment No. 4) Regulations 2026
Exempted specific Armed Forces early departure equivalent benefits from Class 1 National Insurance contribution calculations.
These Regulations amend the Social Security (Contributions) Regulations 2001 to exclude specific payments from the calculation of earnings used to determine Class 1 National Insurance contributions.
The amendment applies to members of the regular armed forces who elect to receive benefits equivalent to the 2015 Early Departure Payments scheme for their remediable service under the Armed Forces Pension Scheme 1975.
The Treasury issued these regulations with the concurrence of the Secretary of State and the Northern Ireland Department for Communities.
Commenced the revocation of several articles of the Capital Requirements Regulation and established transitional status protections for central counterparties.
These Regulations bring into force various revocations of assimilated law relating to financial services, specifically targeting sections of the Capital Requirements Regulation (Regulation (EU) No 575/2013).
They establish transitional and saving arrangements for central counterparties (CCPs), allowing certain entities to maintain their status as qualifying central counterparties (QCCPs) during specified periods.
The regulations apply to HM Treasury, credit institutions, investment firms, and CCPs operating within or seeking recognition in the United Kingdom.
The Public Sector Fraud and Error (Recovery) Regulations 2026
Established procedural rules and maximum percentage limits for recovering public debt via direct bank account and salary deductions.
These Regulations establish the procedural framework for the Minister to recover public sector debts through direct deduction orders (DDOs) against bank accounts and deduction from earnings orders (DEOs).
They apply to banks, employers, and individuals identified as liable for public sector fraud or error in England and Wales.
The instrument specifies maximum deduction rates based on income bands, ranging from 3% to 40%, and mandates that certain funds like social security benefits and employer payroll costs are exempt from recovery actions.
Additionally, the regulations define time limits for bank compliance, administrative fee caps, and the priority of these orders relative to other court-ordered debts.