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Posted Thu, 24 Aug 2023 13:35:29 GMT by
Hello, As a non-domiciled resident, I would like to know whether receiving foreign income in USD via platforms like Revolut or Wise is categorized as a remittance to the UK, since these companies are not considered banks, and they have partnered with banks in the United States such as "Metropolitan Commercial Bank" and "Evolve Bank and Trust". Additionally, the sort codes for USD transactions are associated with these U.S. banks. Thanks
Posted Wed, 30 Aug 2023 16:01:12 GMT by HMRC Admin 20
Hi Cardinal,

Commonly foreign income and gains are ‘remitted to the UK’ if they (or something deriving from them) are:
brought to, or received in, or used in the UK by you or another relevant person
brought to, or received in, or used in the UK for your benefit or that of another relevant person
used to pay for a service provided in the UK to you or another relevant person
used to pay for a service provided in the UK for your benefit or that of another relevant person
used outside of the UK for a relevant debt in the UK
A remittance will not only occur if you remit the actual or original foreign income and gains to the UK.
You will also make a remittance if you remit something that derives from them to the UK.  
From this, the remittance doesnt need to be from a bank account                                                                                                                                                                                                                       
Thank you.
 

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