Remittance Basis of Taxation Guidance for UK-Nom’s Now Released

HMRC has published its annual help sheet for UK-resident non-domiciled taxpayers on the payment or remittance basis of taxation, which has been updated for the 2019-2020 financial years.

The remittance basis is an alternative tax treatment that’s available to UK non-domiciled individuals, i.e. those who are resident however not domiciled in the UK and have foreign income and capital gains.

Click here to read more about the HS264 Remittance basis Guidance (April 11th 2019 update).