See Full Document Text
Status: This is the original version (as it was originally made). This
item of legislation is currently only available in its original format.
STATUTORY INSTRUMENTS
2026 No. 717
CAPITAL GAINS TAX
INCOME TAX
INHERITANCE TAX
The Horizon Family Members Redress Scheme
(Tax Exemptions and Relief) Regulations 2026
Made - - - - 30th June 2026
Laid before the House of
Commons - - - - 1st July 2026
Coming into force - - 22nd July 2026
The Treasury make these Regulations in exercise of the powers conferred by paragraphs 2(5), 3(5),
4(3)(c) and 5(7) of Part 1 of Schedule 15 to the Finance Act 2020(1).
Citation and commencement
1. 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.
Interpretation
2. 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.
(1) 2020 c. 14. Schedule 15 was amended by section 12 of the Finance Act 2024 (c. 3).Document Generated: 2026-07-01
Status: This is the original version (as it was originally made). This
item of legislation is currently only available in its original format.
Exemption from income tax for payments made under the Horizon Family Members
Redress Scheme
3.—(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.
Exemption from capital gains tax for payments made under the Horizon Family Members
Redress Scheme
4.—(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.
Relief from inheritance tax for payments made under the Horizon Family Members Redress
Scheme
5.—(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.
Christian Wakeford
Deirdre Costigan
Two of the Lords Commissioners of His
30th June 2026 Majesty’s Treasury
2Document Generated: 2026-07-01
Status: This is the original version (as it was originally made). This
item of legislation is currently only available in its original format.
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations provide for exemptions from capital gains tax and income tax and a relief from
inheritance tax for payments received under the Horizon Family Members Redress Scheme.
The Department for Business and Trade makes payments under the Horizon Family Members
Redress Scheme to compensate family members of postmasters adversely affected by the Horizon
system.
A Tax Information and Impact Note covering this instrument will be published on the website at
https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.
3