# The Social Security (Contributions) (Amendment No. 4) Regulations 2024, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) to provide that Horizon Convictions Redress Scheme compensation payments, Horizon Shortfall Scheme Fixed Sum Awards and relevant onward payments are disregarded in the calculations of earnings for the purpose of establishing liability to Class 1 National Insurance contributions.
Horizon Convictions Redress Scheme compensation payments are made by the Department for Business and Trade to people who have had a conviction involving the Horizon system quashed by legislation.
Horizon Shortfall Scheme Fixed Sum Awards are made by Post Office Limited to people who are eligible for compensation under the Horizon Shortfall Scheme to ensure they receive a total of £75,000 in compensation.
Relevant onward payments are payments made by a company who is a recipient of a Horizon Shortfall Scheme Fixed Sum Award to an individual who is or was a director or employee of that company for the purpose of passing on all or part of that compensation payment to that individual.
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.

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Source: https://www.legislation.gov.uk/uksi/2024/822/note (the official version)
Page: https://openlegislation.uk/social-security-contributions-amendment-no-4-regulations-2024/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.