Paying the £30,000 remittance basis charge

Paying the £30,000 remittance basis charge

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Could someone please provide a link to HMRC instructions on how the £30,000 should be paid.

My understanding is that the £30,000 must be paid direct from the taxpayer's foreign (non-UK) bank account to a particular HMRC account.

So far I have failed to find any such instructions on the HMRC website.

Thanks.

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James Reeves
By James Reeves
28th Jan 2015 13:48

sa109 notes

See page 22 of the notes to the SA109:

Paying the remittance basis charge (RBC)

If you pay the RBC from outside the UK with untaxed income or gains, it will not be treated as a remittance in the year provided the payment is made direct to us by cheque, or electronic transfer. 

If the claim to the remittance basis is later withdrawn and the £30,000 or the £50,000 is repaid to you, it will be regarded as a remittance when the repayment is made and will be subject to UK tax.

 

If you make a payment on account in anticipation to a claim to remittance basis that you do not subsequently make, then if money equal to this amount is taken offshore by 15 March 2015 it will not be regarded as a taxable remittance.

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