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In force since 2023-08-01, as the publisher states.
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Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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2023 No. 772 Capital Gains Tax Income Tax The Post Office Horizon Shortfall Scheme Top-Up Payments (Tax Exemptions) Regulations 2023 Made 6th July 2023 Laid before the House of Commons 10th July 2023 Coming into force 1st August 2023 The Treasury make the following Regulations in exercise of the powers conferred by paragraphs 2(5) and (6), 3(5) and 4(3)(c) of Schedule 15 to the Finance Act 2020.
Propose a changeThese Regulations may be cited as the Post Office Horizon Shortfall Scheme Top-Up Payments (Tax Exemptions) Regulations 2023 and come into force on 1st August 2023.
Propose a changeIn these Regulations— “Horizon Shortfall Scheme” means the compensation scheme created on 1st May 2020 by Post Office Limited to compensate people who were adversely affected by accounting shortfalls related to the Horizon system; “Horizon Shortfall Scheme top-up payment” means a top-up payment made by Post Office Limited to a recipient of a compensation payment from the Horizon Shortfall Scheme for the purpose of topping-up that compensation payment to account for sums lost to tax; “the Horizon system” means any version of the computer system used by Post Office Limited known as Horizon, Horizon Legacy, Horizon Online or HNG-X; “Post Office Limited” means the private company limited by shares with the company number 02154540 whose registered office is 100 Wood Steet, London, United Kingdom, EC2V 7ER.
Propose a changeHorizon Shortfall Scheme top-up payments are qualifying payments for the purposes of paragraphs 3 and 4 of Schedule 15 to the Finance Act 2020.
Propose a change