RDRM32036 - Remittance Basis: Accessing the remittance basis: Claiming the remittance basis up to 5 April 2025: Summary of the treatment of remittance basis claims
From 6 April 2025 it is not possible to use the remittance basis of taxation, however, any foreign income or gains that have arisen to a former remittance basis user prior to this date will continue to be taxed at the usual tax rates if they are remitted to the UK on or after 6 April 2025, subject to any amounts designated under the temporary repatriation facility (TRF) – see RDRM71000.
The guidance in this section only applies to tax years up to and including the 2024-25 tax year and remains for reference purposes only.
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Type of claim |
Whether the claim would be allowed |
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Remittance basis claim made within the statutory claim time limit |
Allowed |
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Late Claim SACM10030 |
Allowed if it can be accepted under HMRC’s late claims policy
|
|
Consequential remittance basis claim, made within time limits, where HMRC has made an assessment or amendment to recover a loss of tax that is not due to careless or deliberate behaviour SACM9005 |
Allowed |
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Consequential remittance basis claim where HMRC has made an assessment or amendment to recover a loss of tax that is due to careless or deliberate behaviour |
Not Allowed |
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Revocation within the return amendment window in section9ZA TMA 1970 SACM3040 |
Allowed |
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Revocation where HMRC has made an amendment or assessment to recover a loss of tax that is not due to careless or deliberate behaviour |
Allowed |
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Revocation where HMRC has made an amendment or assessment to recover a loss of tax that is due to careless or deliberate behaviour |
Not Allowed |
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Overpayment relief claim where the overpayment is due to a remittance basis claim SACM12000 |
Not Allowed |