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The Horizon Convictions Redress Scheme and Horizon Shortfall Scheme Fixed Sum Award (Tax Exemptions and Relief) Regulations 2024

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2.—(1) In these Regulations—

“Horizon Convictions Redress Scheme compensation payment” means a payment made by the Department for Business and Trade to a person under the scheme announced by His Majesty’s Government on 13th March 2024 to compensate people who have a conviction involving the Horizon system quashed by legislation;

“Horizon Shortfall Scheme Fixed Sum Award” means a payment of compensation made by Post Office Limited to a person eligible for compensation under the Horizon Shortfall Scheme or a nominated individual for the purpose of ensuring that person receives a total of £75,000 in compensation under that scheme;

“nominated individual” means any person who was a shareholder or a director of a company or a partner in a partnership which ceased to exist and that would have been eligible for compensation under the Horizon Shortfall Scheme.

(2) For the purposes of provision in these regulations made under Part 1 of Schedule 15 to the Finance Act 2020, “Horizon Shortfall Scheme”, “the Horizon system” and “Post Office Limited” have the same meaning as they do in Part 2 of that Schedule(1).

(1)

These terms are defined in paragraph 13 of Part 2 of Schedule 15 to the Finance Act 2020.

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