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					<dc:identifier>http://www.legislation.gov.uk/uksi/2024/818/contents/made</dc:identifier><dc:title>The Horizon Convictions Redress Scheme and Horizon Shortfall Scheme Fixed Sum Award (Tax Exemptions and Relief) Regulations 2024</dc:title><dc:publisher>King's Printer of Acts of Parliament</dc:publisher><dc:modified>2024-07-26</dc:modified><dc:subject scheme="SIheading">CAPITAL GAINS TAX</dc:subject><dc:subject scheme="SIheading">CORPORATION TAX</dc:subject><dc:subject scheme="SIheading">INCOME TAX</dc:subject><dc:subject scheme="SIheading">INHERITANCE TAX</dc:subject>
					<dc:description>These Regulations provide for exemptions from income tax and capital gains tax and a relief from inheritance tax for Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards and an exemption from corporation tax for Horizon Shortfall Scheme Fixed Sum Awards. Horizon Convictions Redress Scheme compensation payments are made by the Department for Business and Trade to people who have had a conviction involving the Horizon system quashed by legislation. Horizon Shortfall Scheme Fixed Sum Awards are made by Post Office Limited to people who are eligible for compensation under the Horizon Shortfall Scheme or are a nominated individual to ensure they receive a total of £75,000 in compensation.</dc:description>
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<ContentsTitle>The Horizon Convictions Redress Scheme and Horizon Shortfall Scheme Fixed Sum Award (Tax Exemptions and Relief) Regulations 2024</ContentsTitle>

<ContentsItem ContentRef="regulation-1" IdURI="http://www.legislation.gov.uk/id/uksi/2024/818/regulation/1" DocumentURI="http://www.legislation.gov.uk/uksi/2024/818/regulation/1/made" RestrictExtent="E+W+S+N.I."><ContentsNumber>1</ContentsNumber><ContentsTitle>Citation and commencement</ContentsTitle></ContentsItem>
<ContentsItem ContentRef="regulation-2" IdURI="http://www.legislation.gov.uk/id/uksi/2024/818/regulation/2" DocumentURI="http://www.legislation.gov.uk/uksi/2024/818/regulation/2/made" RestrictExtent="E+W+S+N.I."><ContentsNumber>2</ContentsNumber><ContentsTitle>Interpretation</ContentsTitle></ContentsItem>
<ContentsItem ContentRef="regulation-3" IdURI="http://www.legislation.gov.uk/id/uksi/2024/818/regulation/3" DocumentURI="http://www.legislation.gov.uk/uksi/2024/818/regulation/3/made" RestrictExtent="E+W+S+N.I."><ContentsNumber>3</ContentsNumber><ContentsTitle>Exemptions from income tax for Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards</ContentsTitle></ContentsItem>
<ContentsItem ContentRef="regulation-4" IdURI="http://www.legislation.gov.uk/id/uksi/2024/818/regulation/4" DocumentURI="http://www.legislation.gov.uk/uksi/2024/818/regulation/4/made" RestrictExtent="E+W+S+N.I."><ContentsNumber>4</ContentsNumber><ContentsTitle>Exemptions from capital gains tax for Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards</ContentsTitle></ContentsItem>
<ContentsItem ContentRef="regulation-5" IdURI="http://www.legislation.gov.uk/id/uksi/2024/818/regulation/5" DocumentURI="http://www.legislation.gov.uk/uksi/2024/818/regulation/5/made" RestrictExtent="E+W+S+N.I."><ContentsNumber>5</ContentsNumber><ContentsTitle>Relief from inheritance tax for Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards</ContentsTitle></ContentsItem>
<ContentsItem ContentRef="regulation-6" IdURI="http://www.legislation.gov.uk/id/uksi/2024/818/regulation/6" DocumentURI="http://www.legislation.gov.uk/uksi/2024/818/regulation/6/made" RestrictExtent="E+W+S+N.I."><ContentsNumber>6</ContentsNumber><ContentsTitle>Exemption from corporation tax for Horizon Shortfall Scheme Fixed Sum Awards</ContentsTitle></ContentsItem>
<ContentsItem ContentRef="regulation-7" IdURI="http://www.legislation.gov.uk/id/uksi/2024/818/regulation/7" DocumentURI="http://www.legislation.gov.uk/uksi/2024/818/regulation/7/made" RestrictExtent="E+W+S+N.I."><ContentsNumber>7</ContentsNumber><ContentsTitle>Exemption from income tax and capital gains tax for relevant onward payments of Horizon Shortfall Scheme Fixed Sum Awards</ContentsTitle></ContentsItem>


</Contents><Secondary><SecondaryPrelims DocumentURI="http://www.legislation.gov.uk/uksi/2024/818/introduction/made" IdURI="http://www.legislation.gov.uk/id/uksi/2024/818/introduction">
<Number>2024 No. 818</Number>
<SubjectInformation>
<Subject>
<Title>CAPITAL GAINS TAX</Title>
</Subject>
<Subject>
<Title>CORPORATION TAX</Title>
</Subject>
<Subject>
<Title>INCOME TAX</Title>
</Subject>
<Subject>
<Title>INHERITANCE TAX</Title>
</Subject>
</SubjectInformation>
<Title>The Horizon Convictions Redress Scheme and Horizon Shortfall Scheme Fixed Sum Award (Tax Exemptions and Relief) Regulations 2024</Title>
<MadeDate>
<Text>Made</Text>
<DateText>25th July 2024</DateText>
</MadeDate>
<LaidDate>
<Text>Laid before the House of Commons</Text>
<DateText>26th July 2024</DateText>
</LaidDate>
<ComingIntoForce>
<Text>Coming into force</Text>
<DateText>16th August 2024</DateText>
</ComingIntoForce>
<SecondaryPreamble>
<EnactingText>
<Para>
<Text>The Treasury make these Regulations in exercise of the powers conferred by paragraphs 2(5), 3(5), 4(3)(c) and 5(7) of Part 1 and 7(1)(e), 7(3), 9(3)(b) and (d) and (4) and 10(3)(b), (4)(b) and (5) of Part 2 of Schedule 15 to the Finance Act 2020<FootnoteRef Ref="f00001"/>.</Text>
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<FootnoteText>
<Para>
<Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/14" id="c00001" Year="2020" Number="14" Class="UnitedKingdomPublicGeneralAct">2020 c. 14</Citation>. Schedule 15 was amended by section 12 of the Finance Act <Citation URI="http://www.legislation.gov.uk/id/ukpga/2024/3" id="c00002" Year="2024" Number="3" Class="UnitedKingdomPublicGeneralAct">2024 (c. 3)</Citation>.</Text>
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