Paragraph 7 Relevant compensation paymentsF1

(1)

In this Part of this Schedule “relevant compensation payment” means a payment made to a company under—

(a)

the GLO Compensation Scheme,

(b)

the Horizon Shortfall Scheme,

(c)

the Suspension Remuneration Review,

(d)

the Post Office Process Review, or

(e)

such other compensation scheme of a description specified in regulations made by the Treasury.

(2)

The power under sub-paragraph (1)(e) to specify a description of compensation scheme is exercisable only if the scheme provides for the payment of compensation to persons by or on behalf of—

(a)

the government of the United Kingdom,

(b)

the government of a part of the United Kingdom,

(c)

the government of any other country or territory,

(d)

a local or other public authority in the United Kingdom, or

(e)

a local or other public authority of a territory outside the United Kingdom.

(3)

The power under sub-paragraph (1)(e) may be exercised so as to provide—

(a)

for the provisions of this Part of this Schedule to apply to all descriptions of payments made under a compensation scheme or only to such descriptions as may be specified in the regulations;

(b)

for all provisions of this Part of this Schedule to apply to payments made under a compensation scheme or only for such provisions to apply as are specified in the regulations.

(4)

The power under sub-paragraph (1)(e) must be exercised so as to provide that the reliefs conferred by this Part of this Schedule in respect of the compensation schemes mentioned in sub-paragraph (1)(a) to (d) are also conferred in a corresponding or similar way in respect of other relevant schemes.

(5)

The reference in sub-paragraph (4) to “relevant schemes” is a reference to any compensation schemes established for the purposes of—

(a)

compensating persons affected by the Horizon system, or

(b)

compensating persons in respect of other matters identified in High Court judgments given in proceedings relating to the Horizon system.

Annotations

Textual amendments

F1: Sch. 15 Pt. 2 inserted (22.2.2024) by Finance Act 2024 (c. 3), s. 12(2)