The Horizon Family Members Redress Scheme (Tax Exemptions and Relief) Regulations 2026

• Citation: S.I. 2026/717
• Sections: 5

Section 1 Citation and commencement

These Regulations may be cited as the Horizon Family Members Redress Scheme (Tax Exemptions and Relief) Regulations 2026 and come into force on 22nd July 2026.

Section 2 Interpretation

In these Regulations—

“ Horizon Family Members Redress Scheme ” means the scheme announced by His Majesty’s Government on 19th March 2026 to compensate family members of postmasters adversely affected by the Horizon system;

“ the Horizon system ” has the same meaning as it does in paragraph 13 of Part 2 of Schedule 15 to the Finance Act 2020.

Section 3 Exemption from income tax for payments made under the Horizon Family Members Redress Scheme

(1) A payment of compensation made by the Department for Business and Trade to a person under the Horizon Family Members Redress Scheme is a qualifying payment for the purposes of paragraph 3 of Part 1 of Schedule 15 to the Finance Act 2020.

(2) This regulation has effect in relation to payments received on or after 22nd July 2026.

Section 4 Exemption from capital gains tax for payments made under the Horizon Family Members Redress Scheme

(1) A payment of compensation made by the Department for Business and Trade to a person under the Horizon Family Members Redress Scheme is a qualifying payment for the purposes of paragraph 4 of Part 1 of Schedule 15 to the Finance Act 2020.

(2) This regulation has effect in relation to disposals made on or after 22nd July 2026.

Section 5 Relief from inheritance tax for payments made under the Horizon Family Members Redress Scheme

(1) A payment of compensation made by the Department for Business and Trade to a person under the Horizon Family Members Redress Scheme is a qualifying payment for the purposes of paragraph 5 of Part 1 of Schedule 15 to the Finance Act 2020.

(2) This regulation has effect in relation to deaths occurring on or after 22nd July 2026.