# The Social Security (Contributions) Regulations 2001, Paragraph 32: Horizon Shortfall Scheme Appeals compensation payments


(1) A payment made by the Department for Business and Trade to a person or a nominated individual under the Horizon Shortfall Scheme Appeals.
(2) A relevant onward payment of the payment defined in paragraph (1).
(3) In this paragraph—
“Horizon Shortfall Scheme” has the same meaning as in paragraph 27(2);
“Horizon Shortfall Scheme Appeals” means the independent appeals process created by the Department for Business and Trade to assess compensation claims made under the Horizon Shortfall Scheme;
“nominated individual” means any person who was a shareholder or a director of a company or a partner in a partnership which ceased to exist and that would have been eligible for compensation under the Horizon Shortfall Scheme Appeals;
“relevant onward payment” has the same meaning as in paragraph 28(5).

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Source: https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/paragraph/32 (the official version)
Page: https://openlegislation.uk/social-security-contributions-regulations-2001/schedule-3/paragraph-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.