Policy paper
Tax treatment of the Horizon Convictions Redress Scheme and Horizon Shortfall Scheme Fixed Sum Award
This tax information and impact note explains that compensation payments made to postmasters are exempt from various taxes.
Documents
Details
Compensation payments made to postmasters in the Horizon Conviction Redress Scheme and Horizon Shortfall Scheme (HSS) Fixed Sum Award are exempt from Income Tax, National Insurance contributions, Capital Gains Tax and relieved from Inheritance Tax. HSS Fixed Sum Award payments are also exempted from Corporation Tax.