Private Client analysis: On Legislation Day, 21 July 2025, the government published draft provisions to be included in Finance Bill 2026 (FB 2026, also known as Finance Bill 2025–26) together with accompanying explanatory notes and other supporting documents. The government also published consultation responses and made other announcements of interest to Private Client practitioners. This analysis provides an overview of the key Private Client tax provisions together with initial reactions from the market.

Tax analysis: On Legislation Day, 21 July 2025, the government published draft provisions for inclusion in Finance Bill 2026 (FB 2026, also known as Finance Bill 2025–26) together with accompanying explanatory notes and other supporting documents. This analysis brings together the key business tax measures. Expert commentary has been provided by the LexisNexis Tax Consulting Editorial Board and Andersen, Blick Rothenberg, CMS, Eversheds Sutherland, Herbert Smith Freehills Kramer, Macfarlanes and Pinsent Masons.

Tax analysis: On Legislation Day 2025, draft Finance Bill 2026 legislation was published that, if enacted, would make agencies and end clients jointly and severally liable for Pay As You Earn (PAYE) and National Insurance Contributions (NICs) failings by umbrella companies. John Chaplin, partner at BDO, considers these new provisions.

Private Client analysis: On Legislation Day, 13 July 2026, the government published draft provisions to be included in Finance Bill 2027 (FB 2027, also known as Finance Bill 2026–27) together with accompanying explanatory notes and other supporting documents. This analysis provides an overview of the key Private Client tax provisions together with initial reactions from the market.

Tax analysis: On Legislation Day, 13 July 2026, the government published draft provisions for inclusion in Finance Bill 2027 (FB 2027, also known as Finance Bill 2026–27) for technical consultation, together with accompanying explanatory notes and other supporting documents. Some new consultations, as well as responses to previously concluded consultations, were also published. This analysis brings together the key business tax measures. Expert commentary has been provided by the LexisNexis Tax Consulting Editorial Board and Addleshaw Goddard, Andersen, Blick Rothenberg, CMS, CW Energy, Eversheds Sutherland, Fieldfisher, Herbert Smith Freehills Kramer, Lawrence Stephens, Macfarlanes, Pinsent Masons, Shoosmiths and Temple Tax Chambers.

Tax analysis: The draft securities transfer tax (STT) legislation published on 13 July 2026 is a welcome legislative reset. Stamp duty and stamp duty reserve tax (SDRT) have separate, historically contingent origins: the former is principally a documentary tax, while the latter was introduced as an agreement-based reserve tax for modern securities markets. Successive amendments have produced a fragmented framework. Consultation on reform has run, in different forms, since 2018, and the draft would replace both taxes with a single, largely digital and self-assessed regime intended to commence in 2027. It broadly implements the 2025 consultation outcome, preserving the 0.5% main charge and refashioning the 1.5% clearance service/depositary receipt charge. However, important points remain: the new perimeter for equity-like debt interests, treatment of depositary interests, accountable-agent liability, removal of the £1,000 de minimis exemption, partnership anti-avoidance and transitional treatment of historic instruments. The technical consultation closed on 7 September 2026. The final Bill and HMRC guidance will be particularly important because the draft does not automatically preserve the old body of subordinate legislation. Produced in partnership with Razi Kazimi, a Financial Services Tax Associate at WTS Hansuke.

ARCHIVED: This Practice Note was archived and is not maintained. STOP PRESS: The UK’s prospectus regime which was based on the EU Prospectus Regulation has been replaced by the Public Offers and Admission to Trading Regulations 2024 (the POATRs), with all detailed requirements relating to admission to trading covered in Financial Conduct Authority (FCA) admission rules. The FCA published its final rules (PS25/9) on 15 July 2025. The new rules came into force on 19 January 2026. In October 2025, the FCA published Primary Market Bulletin 58 which, among other things, provided guidance on the timing and approval of prospectuses (and supplementary prospectuses), and the removal of Listing Particulars as an admission document, under the new framework. For further information on the key elements of the new framework established by the POATRs which are relevant in the debt capital markets space, see The UK Prospectus Regulation—essentials [Archived]—Reform of the UK prospectus regime. This legislation guide lists UK legislative materials relevant to transactional work on debt capital markets prospectuses relating

ARCHIVED: This document is archived and no longer maintained. This legislation guide lists UK legislative materials relevant to transactional work on securitisations prior to 1 November 2024, including the UK Securitisation Regulation and level 2 measures, statutory instruments (SIs) and EU Exit Instruments, together with relevant proposals and consultations. No. Document Points to note Further guidance Assimilated EU legislation 1 Assimilated Regulation (EU) 2017/2402 (UK Securitisation Regulation) The version of the UK Securitisation Regulation in Lexis®Library, accessed by the link in the preceding column in this row, incorporates the amendments made by the Securitisation (Amendment) (EU Exit) Regulations 2019, SI 2019/660 (Securitisation Exit Regulations) and the Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020, SI 2020/1385 . For an explanation of the onshoring of the EU Securitisation Regulation and level 2 measures under the European Union (Withdrawal) Act 2018 (EU(W)A 2018), and the amendments made by SIs, see Practice Note: Impact of Brexit: Securitisation Regulation—quick guide [Archived].For information on the UK Securitisation

The Department for Business and Trade has announced that legislation will be introduced to enable digital labelling of products as well as to continue the recognition of CE marking indefinitely for products such as toys and machinery. Digital labelling will allow businesses to include regulatory or manufacturing information online rather than physically printing them on the product, and the changes come as a result of the Product Safety Review consultation and industry engagement.

MLex: Draft legislation that seeks to define cryptoassets and stablecoins (and to bring certain activities related to them within the regulatory perimeter) has been published by the UK finance ministry. The legislation covers stablecoin issuance, as well as cryptoasset custody, trading and staking. Under the future regulatory regime, crypto providers that want to offer regulated products or services to UK consumers will have to be authorised by the Financial Conduct Authority (FCA), but ‘truly decentralised’ firms have been exempted from authorisation.

ARCHIVED: This Practice Note has been archived and is not maintained. For information on Parliamentary Bills in 2022, see Practice Note: Corporate Crime bills tracker—2022. For information on secondary legislation passed in 2022, see Practice Note: Corporate Crime horizon scanner 2022—Key secondary legislation. This Practice Note tracks primary legislation and the progress of government bills relevant to the field of corporate crime which have been tabled in either the House of Commons or the House of Lords in the UK Parliament. It also includes those private members’ bills (primarily ballot bills) relating to business crime/white collar crime which, from their advanced progress through Parliament, seem likely to receive Royal Assent. It also provides links to further information about each piece of legislation. For information on key secondary legislation which might of be interest to corporate crime lawyers, see Practice Note: Corporate crime horizon scanner—September 2021 and beyond [Archived]. This primary legislation tracker is designed to assist corporate crime practitioners keep up-to-date with primary legislation and bills which will impact their particular areas

This Practice Note enables you to keep track of what's new, and upcoming changes in employment law. It tracks what employment legislation is coming up, and new laws which have come into force recently, ie over the past month. The legislation tracker is divided into four sections: • Forthcoming legislation • Private Members’ Bills • Legislation recently in force • Selected EU legislation Links to news reports providing full information on the relevant legislation are included where appropriate. For details of legislation which came into force earlier this year and in previous years, see: • Archived—2026 Legislation tracker—Employment • Archived—2025 Legislation tracker—Employment • Archived—2024 Legislation tracker—Employment (includes Private Members’ Bills which fell at the end of the 2023–24 parliamentary session on 30 May 2024 when Parliament was dissolved ahead of the General Election on 4 July 2024) • Archived—2023 Legislation tracker—Employment • Archived—2022 Employment horizon scanner—dates for your diary For a summary of the key legal developments that are expected to impact employment lawyers during the course of this year and beyond, see Employment—horizon scanner. The