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Tax Exemption – Horizon Family Members Redress Scheme
30 June 2026
Type
Written Ministerial Statement
Department
Treasury
TAGS
At a Glance
Issue Summary
The statement addresses the Horizon Family Members Redress Scheme and its associated tax exemptions.
Action Requested
The Government will legislate to formalise tax exemptions for redress received under the scheme, ensuring no income tax, capital gains tax, or inheritance tax is payable. This legislation will also exempt these payments from National Insurance contributions.
Key Facts
- The Horizon Family Members Redress Scheme was announced on 19 March 2026.
- The Government will legislate to formalise tax exemptions shortly.
- Tax exemptions include income tax, capital gains tax, and inheritance tax.
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Assessment & feedback
Summary accuracy