Legislation – Finance Act 2026
Changes to legislation:
Finance Act 2026, Section 157 is up to date with all changes known to be in force on or before 17 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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Changes and effects yet to be applied to Section 157:
- Pt. 15 excluded by S.I. 2026/331 reg. 19
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Pt. 15 excluded by S.I. 2026/331 reg. 19
Part 5Carbon border adjustment mechanism
General
157Regulations and notices
(1)
Regulations under this Part—
(a)
may make different provision for different purposes;
(b)
may include incidental, consequential, supplementary or transitional provision.
(2)
Regulations under this Part may make provision by reference to things specified in a notice that is—
(a)
published by the Treasury or the Commissioners in accordance with the regulations, and
(b)
not withdrawn by a further notice.
(3)
Regulations under this Part are to be made by statutory instrument.
(4)
(5)
A statutory instrument containing regulations under any of the following provisions is subject to the made affirmative procedure—
(a)
section 149(6) (rate of CBAM);
(c)
paragraph 47 of Schedule 17 (amount of penalties).
(6)
A statutory instrument containing regulations under paragraph 2(3) of Schedule 16 and under section 8 of TCTA 2018 is subject to the procedure under section 32 of TCTA 2018 that applies by virtue of the instrument containing regulations section 8 of TCTA 2018.
(7)
(8)
(9)
Where a statutory instrument is subject to the affirmative procedure, it may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.
(10)
Where a statutory instrument is subject to the made affirmative procedure—
(a)
it must be laid before the House of Commons after being made, and
(b)
it ceases to have effect at the end of the period of 28 days beginning with the day on which the instrument is made, unless within that period the instrument is approved by a resolution of the House of Commons.
(11)
Where a statutory instrument is subject to the negative procedure, it is subject to annulment in pursuance of a resolution of the House of Commons.
(12)
Where a statutory instrument ceases to have effect as a result of subsection (10), that does not—
(a)
affect the validity of anything previously done under the instrument, or
(b)
prevent the making of a new statutory instrument.
(13)
In calculating the period of 28 days for the purposes of subsection (10), no account is to be taken of any whole days that fall within a period during which—
(a)
Parliament is dissolved or prorogued, or
(b)
the House of Commons is adjourned for more than 4 days.
(14)
Any provision that may be included in regulations in a statutory instrument under this Part subject to the negative procedure may be included in regulations in a statutory instrument subject to the affirmative procedure or the made affirmative procedure.
(15)
Any provision that may be included in regulations in a statutory instrument under this Part subject to the made affirmative procedure may be included in regulations in a statutory instrument subject to the affirmative procedure.
(16)
A notice published by the Treasury or the Commissioners under this Part—
(a)
may be amended or withdrawn by a further notice;
(b)
may include provision mentioned in subsection (1)(a) and (b).