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The Social Security (Contributions) (Amendment No. 4) Regulations 2024

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Change 1

What to do with it
As published

2 Amendment of the Social Security (Contributions) Regulations 2001

In Part 10 of Schedule 3 to the Social Security (Contributions) Regulations 2001 (payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions), after paragraph 30 insert— Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards 31 (1) A payment of compensation 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. (2) 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. (3) A payment that is a relevant onward payment of the payment defined in paragraph (2). (4) In this paragraph— “Horizon Shortfall Scheme” has the same meaning as in paragraph 27(2); “the Horizon system” has the same meaning as in paragraph 26(3); “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; “Post Office Limited” has the same meaning as in paragraph 26(3); “relevant onward payment” has the same meaning as in paragraph 28(5). .

Your change, as a redline

2 Amendment of the Social Security (Contributions) Regulations 2001

In Part 10 of Schedule 3 to the Social Security (Contributions) Regulations 2001 (payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions), after paragraph 30 insert— Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards 31 (1) A payment of compensation 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. (2) 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. (3) A payment that is a relevant onward payment of the payment defined in paragraph (2). (4) In this paragraph— “Horizon Shortfall Scheme” has the same meaning as in paragraph 27(2); “the Horizon system” has the same meaning as in paragraph 26(3); “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; “Post Office Limited” has the same meaning as in paragraph 26(3); “relevant onward payment” has the same meaning as in paragraph 28(5). .

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

How this law is officially changed

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