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Tax exemption for Horizon Shortfall Scheme appeals process

13 March 2025

Proposing MP
James Murray Lab Co-op
Ealing North
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

Issue Summary

This statement addresses the introduction of a tax exemption for compensation received through the Horizon Shortfall Scheme Appeals process.

Action Requested

The Government will ensure that no taxes are payable on any compensation received, and intends to formalise this tax exemption via secondary legislation shortly.

Key Facts

  • The Department for Business and Trade is introducing an independent HSSA process.
  • No income tax, Capital Gains Tax, National Insurance contributions, corporation tax, or inheritance tax will be payable on compensation received through the appeals process.
  • The Government will legislate via secondary legislation to formalise this tax exemption shortly.
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