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STOP PRESS: At Spring Budget 2024, the Chancellor announced that the remittance basis would be abolished from 6 April 2025, although this only applies to foreign income and gains arising on or after that date. The remittance basis rules still apply to unremitted income and gains arising before that date but remitted later. For more details, see the Abolition of the remittance basis from 2025/26 guidance note.

The Remittance basis ― formal claim guidance note explains who can make an election for the remittance basis, 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.