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Posted Fri, 06 Dec 2024 13:58:31 GMT by HMRC Admin 19 Response
Hi,
You must fill in boxes 34 and 35 if you have put ‘X’ (only) in boxes 28, 31 or 32. The Remittance Basis Charge (RBC) is Income Tax, Capital Gains Tax, or a combination of both, charged on unremitted foreign income or gains on the arising basis. When you pay the RBC you must tell us on what income or gains the RBC is chargeable by nominating the appropriate income or gains. You do this by putting the amount of nominated income in box 34 or the nominated foreign gains in box 35.
Tell us about your nominated income and gains in the ‘Any other information’ box, box 40.
To work out the amount of nominated foreign income, you must convert the income into UK pounds using the exchange rate at the time the income arose. If you are not sure, ask your tax adviser.
If you are calculating your own tax, include the Income Tax or Capital Gains Tax elements of the RBC in your total tax amount. If you are using the ‘Tax calculation summary’ page add either £30,000 or £60,000 to the amount in box 1. Do not forget to show the loss of allowances and the annual exempt amount in your tax calculation.
If you are liable to pay the RBC, you must put a nominated figure of at least £1 in either box 34 or box 35.
Thank you.
Posted Sat, 07 Dec 2024 14:24:36 GMT by AM
Hello, I am doing my tax return in one of the programmes for filing returns. This tax year it has been 7 years I have been on non-dom remittance basis taxation. I answered "yes" to "were you resident for this tax year and 7 or more of the preceding 9 tax years". I have nominated some income in relevant boxes. Yet the programme doesn't suppose I have to pay remittance base surcharge of 30k for this tax year. What would you advise, should I just send additional 30k payment to Hmrc?

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