Finance Legislation

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

The Customs (Tariff and Miscellaneous Amendments) (No. 5) Regulations 2026

Published: Tue 30th Jun 26 Came into force: Wed 1st Jul 26

Amended UK customs law to establish new steel-specific tariff quotas, capped single-country imports at 40% of quota volume, and revised duty liability rules for processed steel products.


This statutory instrument amends several sets of customs regulations to establish a distinct regulatory framework for steel imports and modify import duty liabilities.

It introduces a Steel Quota Table to manage specific steel product volumes, imposes a 40% limit on quota allocations from any single country of origin, and clarifies that unused steel quotas in certain categories cannot be carried over between periods.

The regulations apply to HM Revenue and Customs, the Department for Business and Trade, and any persons or businesses involved in the importation and processing of steel and other quota-regulated goods within the United Kingdom.

Read More

The Scotland Act 1998 (Increase of Borrowing Limits) Order 2026

Published: Tue 30th Jun 26 Came into force: Tue 30th Jun 26

Raised the statutory resource and capital borrowing limits for the Scottish Government and revoked the previous year's limits.


This Order increases the statutory limits on the amount the Scottish Ministers may borrow for both resource and capital expenditure.

It raises the maximum resource borrowing limit to £1,910.141 million and the capital borrowing limit to £3,274.527 million.

These changes apply to the Scottish Government and the UK Treasury, effective from 30 June 2026.

Read More

The Non-Domestic Rating (Definition of Domestic Property) (England) Order 2026

Published: Tue 30th Jun 26 Came into force: Fri 24th Jul 26

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.

Read More

The National Health Service (Pharmaceutical and Local Pharmaceutical Services) (Amendment) Regulations 2026

Published: Mon 29th Jun 26 Came into force: Mon 20th Jul 26

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.

Read More

The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026

Published: Mon 29th Jun 26 Came into force: Thu 25th Jun 26

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.

Read More

The Inter-authority Recoupment (England) (Amendment) Regulations 2026

Published: Fri 26th Jun 26 Came into force: Tue 1st Sept 26

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.

Read More

Legal Definition Added to Defence Contract Regulations

Published: Thu 25th Jun 26

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.

Read More

The Social Security (Contributions) (Amendment No. 4) Regulations 2026

Published: Thu 25th Jun 26 Came into force: Mon 20th Jul 26

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.

Read More