http://www.legislation.gov.uk/uksi/2024/818/regulation/3/madeThe Horizon Convictions Redress Scheme and Horizon Shortfall Scheme Fixed Sum Award (Tax Exemptions and Relief) Regulations 2024King's Printer of Acts of Parliament2024-07-26CAPITAL GAINS TAXCORPORATION TAXINCOME TAXINHERITANCE TAX 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. 3 1 Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards are qualifying payments for the purposes of paragraph 3 of Part 1 of Schedule 15 to the Finance Act 2020. 2 This regulation applies to payments received on or after 13th March 2024.