Secondary Legislation under Finance Act 2020

Showing 31 Statutory Instruments linked to this bill.

Horizon Family Members Redress Scheme (Tax Exemptions and Relief) Regulations 2026

Reference: 2026 No. 717
Laid before Parliament: 1 July 2026
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for exemptions from capital gains tax and income tax and a relief from inheritance tax for payments received under the Horizon Family Members Redress Scheme.

Successful Legacy Appeals Schemes (Income Tax Exemption) Regulations 2026

Reference: 2026 No. 584
Laid before Parliament: 4 June 2026
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for an exemption from income tax for payments under the Successful Legacy Appeals Scheme administered by the Department for Work and Pensions in Great Britain and any corresponding scheme administered by the Department for Communities in Northern Ireland (the “Schemes”). The Schemes provide compensation for people who experienced a financial loss when they had to claim universal credit due to a decision to terminate their award of one of the means tested benefits that universal credit replaces, and later had the termination decision reversed.

Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2026

Reference: 2026 No. 214
Laid before Parliament: 5 March 2026
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations amend the Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 (S.I. 2021/484) to update the auction reserve price to reflect inflation since the introduction of the scheme. These Regulations additionally introduce an automatic annual uplift to the auction reserve price from 1st January 2027, calculated by reference to the annual GDP deflator figure published by the Office for National Statistics.

Income Tax (Exemption of Social Security Benefits) Regulations 2026

Reference: 2026 No. 211
Laid before Parliament: 5 March 2026
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations modify Chapter 5 of Part 10 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) (“ITEPA”), by inserting a new scheme of social security benefits and payments into Table B in section 677 of ITEPA so as to provide that no liability to income tax arises from those benefits and payments.

Income Tax (Tax Treatment of Scottish Carer Supplement and Exemption of Carer's Additional Person Payment) Regulations 2026

Reference: 2026 No. 93
Laid before Parliament: 5 February 2026
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations make amendments to Part 10 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) in consequence of two new social security benefits introduced by the Carer’s Assistance (Miscellaneous and Consequential Amendments, Revocation, Transitional and Saving Provisions) (Scotland) Regulations 2025 (S.S.I. 2025/340) from 15th March 2026. The amendments ensure the Scottish Carer Supplement is chargeable to income tax and exempt the Carer Additional Person Payment from income tax.

Post Office Capture Redress Scheme (Tax Exemptions and Relief) Regulations 2025

Reference: 2025 No. 1130
Laid before Parliament: 29 October 2025
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for exemptions from capital gains tax, corporation tax and income tax and a relief from inheritance tax for payments received under the Post Office Capture Redress Scheme and for payments made to nominated individuals.

Horizon Convictions Redress Scheme (Amendment) and Grenfell Support (Restorative Justice) Programme (Income Tax Exemption) Regulations 2025

Reference: 2025 No. 867
Laid before Parliament: 16 July 2025
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations amend the Horizon Convictions Redress Scheme and Horizon Shortfall Scheme Fixed Sum Award (Tax Exemptions and Relief) Regulations 2024 (S.I. 2024/818) to expand the definition of the Horizon Convictions Redress Scheme to include payments made by the Department of Business and Trade to eligible people who had a conviction involving the Horizon system quashed by a court; received a caution for an offence involving the Horizon system; in Scotland received an alternative to prosecution; or were the subject of a criminal prosecution, but not convicted for an offence involving the Horizon system. These payments are exempt from capital gains tax and income tax and relieved from inheritance tax with retrospective effect from 3rd June 2025.

Disability Premium Compensation Scheme (Income Tax Exemption) Regulations 2025

Reference: 2025 No. 861
Laid before Parliament: 15 July 2025
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for an exemption from income tax with retrospective effect for:

Horizon Shortfall Scheme Appeals (Tax Exemptions and Relief) Regulations 2025

Reference: 2025 No. 434
Laid before Parliament: 3 April 2025
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for exemptions from capital gains tax, corporation tax, income tax and a relief from inheritance tax for payments received under Horizon Shortfall Scheme Appeals, an independent appeals process created by the Department for Business and Trade.

Lesbian, Gay, Bisexual and Transgender Financial Recognition Scheme (Income Tax Exemption) Regulations 2025

Reference: 2025 No. 12
Laid before Parliament: 8 January 2025
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for an exemption from income tax for Lesbian, Gay, Bisexual and Transgender (“LGBT”) Financial Recognition Scheme payments.

Income Tax (Exemption of Social Security Benefits) (No. 2) Regulations 2024

Reference: 2024 No. 901
Laid before Parliament: 5 September 2024
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations make an amendment to Chapter 5 of Part 10 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) (“ITEPA”), so as to provide that no liability to income tax arises on social security benefits of a description specified in the Regulations.

Infected Blood Compensation Scheme (Tax Exemptions and Relief) Regulations 2024

Reference: 2024 No. 902
Laid before Parliament: 5 September 2024
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for exemptions from income tax and capital gains tax and a relief from inheritance tax for Infected Blood Compensation Scheme payments. The Infected Blood Compensation Scheme was created by regulation 3(1) of the Infected Blood Compensation Scheme Regulations 2024. The Infected Blood Compensation Authority is the body corporate established by section 48 of the Victims and Prisoners Act 2024 that administers the Infected Blood Compensation Scheme and makes payments to eligible people.

Horizon Convictions Redress Scheme and Horizon Shortfall Scheme Fixed Sum Award (Tax Exemptions and Relief) Regulations 2024

Reference: 2024 No. 818
Laid before Parliament: 26 July 2024
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for exemptions from income tax and capital gains tax and a relief from inheritance tax for Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards and an exemption from corporation tax for Horizon Shortfall Scheme Fixed Sum Awards. 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 or are a nominated individual to ensure they receive a total of £75,000 in compensation.

Income Tax (Exemption of Social Security Benefits) Regulations 2024

Reference: 2024 No. 287
Laid before Parliament: 5 March 2024
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations make an amendment and provide for a modification to Chapter 5 of Part 10 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) (“ITEPA”), so as to provide that no liability to income tax arises on social security benefits of a description specified in the Regulations.

Post Office Compensation Schemes and Victims of Overseas Terrorism Compensation Scheme (Tax Exemptions and Relief) Regulations 2024

Reference: 2024 No. 182
Laid before Parliament: 22 February 2024
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for exemptions from income tax and capital gains tax for Group Litigation Order nominated individual compensation payments, Process Review Scheme compensation payments, Suspension Remuneration Review compensation payments and Victims of Overseas Terrorism Compensation Scheme payments and a relief from inheritance tax for Group Litigation Order nominated individual compensation payments.

War Widows Recognition Payment Scheme (Income Tax Exemption) Regulations 2023

Reference: 2023 No. 1171
Laid before Parliament: 10 November 2023
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for an exemption from income tax with retrospective effect for War Widows Recognition Payment Scheme payments.

Income Tax (Tax Treatment of Carer Support Payment and Exemption of Social Security Benefits) Regulations 2023

Reference: 2023 No. 1148
Laid before Parliament: 27 October 2023
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance (No. 2) Act 2023 Finance Act 2020
SI explanatory text These Regulations make amendments and provide for a modification to Part 10 of, and Schedule 1 to, the Income Tax (Earnings and Pensions) Act 2003 (c. 1) (“ITEPA”), so as to provide that the Scottish carer support payment is a social security benefit chargeable to income tax and that no liability to income tax arises on certain other social security benefits specified in the Regulations.

Post Office Horizon Shortfall Scheme and Group Litigation Order Compensation Payments (Inheritance Tax Relief) Regulations 2023

Reference: 2023 No. 1009
Laid before Parliament: 18 September 2023
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for relief from inheritance tax in relation to Horizon Shortfall Scheme compensation payments and Group Litigation Order compensation payments.

Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023

Reference: 2023 No. 994
Laid before Parliament: 13 September 2023
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 (the “Auctioning Regulations”) provide for the auctioning of allowances used in the UK Emissions Trading Scheme, which was established by the Greenhouse Gas Emissions Trading Scheme Order 2020.

Post Office Horizon Shortfall Scheme Top-Up Payments (Tax Exemptions) Regulations 2023

Reference: 2023 No. 772
Laid before Parliament: 10 July 2023
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for exemptions from capital gains tax and income tax for Horizon Shortfall Scheme top-up payments.

Post Office Horizon Compensation and Infected Blood Interim Compensation Payment Schemes (Tax Exemptions and Relief) Regulations 2023

Reference: 2023 No. 184
Laid before Parliament: 23 February 2023
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for exemptions from income tax and capital gains tax in relation to Overturned Historical Conviction compensation payments, Group Litigation Order compensation payments and Infected Blood Scheme compensation payments and a relief from inheritance tax in relation to Overturned Historical Conviction compensation payments and Infected Blood Scheme compensation payments.

Income Tax (Exemption of Social Security Benefits) Regulations 2022

Reference: 2022 No. 529
Laid before Parliament: 11 May 2022
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text The Regulations amend Chapter 5 of Part 10 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) (“ITEPA”), so as to provide that no liability to income tax arises on social security benefits and payments made by local authorities of a description specified in the regulations.

London Capital and Finance Compensation Scheme (Chargeable Gains Exemption) Regulations 2021

Reference: 2021 No. 1385
Laid before Parliament: 9 December 2021
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations provide for an exemption from capital gains tax in relation to compensation payments made under the LCF Compensation Scheme (“the Scheme”). The Treasury established the Scheme, requiring the Financial Services Compensation Scheme to administer the Scheme on the Treasury’s behalf in exercise of its powers under Part 15A of the Financial Services and Markets Act 2000(4). The Scheme compensates customers of London and Capital Finance plc (“LCF”) who were adversely affected by losses from investments in that company. In accepting a compensation payment under the Scheme, customers transfer to the scheme operator their rights to claim against LCF in respect of their losses.

Income Tax (Exemption of Social Security Benefits) Regulations 2021

Reference: 2021 No. 1341
Laid before Parliament: 30 November 2021
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text The Regulations amend Chapter 5 of Part 10 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1; “ITEPA”), so as to provide that no liability to income tax arises on social security benefits of a description specified in the Regulations, including social security benefits paid by the Scottish Ministers and local authorities.

Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021

Reference: 2021 No. 917
Laid before Parliament: 4 August 2021
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 (the “Auctioning Regulations”) provide for the auctioning of allowances used in the UK Emissions Trading Scheme, which was established by the Greenhouse Gas Emissions Trading Scheme Order 2020, including for the appointment of an “auctioneer” and an “auction platform”. These Regulations amend the Auctioning Regulations, including correcting errors. The main changes are as follows:

Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021

Reference: 2021 No. 561
Laid before Parliament: 11 May 2021
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations are made in exercise of the powers conferred by section 96 of the Finance Act 2020 (c. 14).

Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021

Reference: 2021 No. 513
Laid before Parliament: 28 April 2021
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations are made in exercise of the powers conferred by section 96 of the Finance Act 2020 (c. 14).

Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021

Laid before Parliament: 11 February 2021
Procedure: Draft affirmative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations make provision under the Finance Act 2020 for auctions of allowances to emit 1 tonne of carbon dioxide equivalent created under the Greenhouse Gas Emissions Trading Scheme Order 2020.

Taxation of Coronavirus Support Payments Regulations 2021

Reference: 2021 No. 92
Laid before Parliament: 1 February 2021
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations make provision in relation to the taxation of coronavirus support payments.

Insolvency Act 1986 (HMRC Debts: Priority on Insolvency) Regulations 2020

Reference: 2020 No. 983
Laid before Parliament: 14 September 2020
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text The Finance Act 2020 amends the Insolvency Act 1986, the Bankruptcy (Scotland) Act 2016 and the Insolvency (Northern Ireland) Order 1989 to make provision for certain debts owed to Her Majesty’s Revenue and Customs to be included in a category of preferential debt (or, in Scotland, preferred debt) for insolvency purposes. The amounts are those in respect of value added tax or a relevant deduction. A deduction is a relevant deduction if certain conditions are met. One of those conditions is that the deduction is of a kind specified in regulations. These Regulations specify the deductions listed in regulation 2 for those purposes.

Income Tax (Tax Treatment of Scottish Carer Supplement and Exemption of Carer’s Additional Person Payment) Regulations 2026

Reference: 2026 No. 93
Laid before Parliament: 5 February 2026
Procedure: Made negative
Parliament Page Legislation Text
Enabling Acts
Finance Act 2020
SI explanatory text These Regulations make amendments to Part 10 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) in consequence of two new social security benefits introduced by the Carer’s Assistance (Miscellaneous and Consequential Amendments, Revocation, Transitional and Saving Provisions) (Scotland) Regulations 2025 (S.S.I. 2025/340) from 15th March 2026. The amendments ensure the Scottish Carer Supplement is chargeable to income tax and exempt the Carer’s Additional Person Payment from income tax.