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The Remittance basis ― formal claim guidance note explains who can make a claim for the remittance basis under ITA 2007, s 809B, 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.