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Spotlight on the remittance basis
Key points
- In August HMRC confirmed that it would be writing to non-domiciled taxpayers who have lived in the UK for either seven years out of the previous nine tax years or 12 out of the last 14 who have filed their 2019-20 tax returns but who may still need to pay the remittance basis charge or move to the arising basis.
- The non-dom rules allow individuals resident in the UK with an overseas domicile to access the alternative remittance regime whereby their UK tax position is limited to UK source income and gains and any overseas income and gains that are remitted to the UK.
- Since 6 April 2008 if individuals are long-term residents they are required to claim access to the regime and pay the remittance basis charge.
On 20 August 2021 HMRC confirmed that it would be writing to non-domiciled taxpayers who have...
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