Remittance basis ― nomination, charge and payment

Produced by a Tolley Personal Tax expert

Personal Tax

Guidance

The Remittance basis ― formal claim guidance note explains who can make a claim for the remittance basis under ITA 2007, s 809B for tax years before 2025/26, and the consequences of making the election. You are advised to read that guidance note first.

This note covers the machinery of the remittance basis charge (also referred to as the RBC), including nomination and payment.

An outline of the remittance basis can be found in the Remittance basis ― overview guidance note. A discussion of what is meant by a remittance can be found in the When are income and gains remitted? guidance note.

Abolition of the remittance basis for foreign income and gains arising on or after 6 April 2025

From 6 April 2025, the remittance basis of taxation is repealed as a consequence of the removal of domicile as a connecting factor for tax purposes. This is replaced with a regime linked to the number of years of UK residency, which is colloquially referred to as the foreign income and gains regime (FIG

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