RDRM32030 - Remittance Basis: Accessing the remittance basis: Claiming the remittance basis up to 5 April 2025: Claims - Time Limits

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) 바카라 사이트“ see RDRM71000.바카라 사이트¯

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.

The general time limit as set out in section 43(1) TMA 1970 for making a claim applies to making a claim for the remittance basis.ÌýÌý

A claim to the remittance basis must be made no more than 4 years after the end of the year of assessment to which the claim relates.Ìý

Late remittance basis claimsÌý

A late claim is an attempt to make a claim outside the statutory time limit. ÌýA late remittance basis claim can only be allowed if it can be accepted under HMRC바카라 사이트™s late claims policy. Late claims are covered in more detail in the Self Assessment Claims Manual (SACM) at SACM10030 onwards.A remittance basis claim made when HMRC is making an assessment or amendment to increase the amount of tax due is a consequential claim, rather than a late claim (seeÌýRDRM32035Ìýfor consequential remittance basis claims).If it is possible that a claim might not be made within the statutory time limit, the individual must tell HMRC of the intention to make the claim. This must stipulate:

  • the nature of the claim, (whether s809B or s809C)
  • the year for which it is to be made