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Hi, Thank you a lot for your answer. I am correct to understand that gains made before 2023/2024 which stayed out of UK (and benefited from remittance basis regime) and will always stay out of UK, are not taxable even if there is a switch from remittance basis to arising in 2023/2024? Basically all gains made under remittance basis regime, if never brought to UK, there are no tax to pay on them? Thank you again for your help!

Hi Community! Would you be able to help me with the following situation, if: 2023/2024 year was the 7-th tax year in UK, Over last 6 years remittance basis was claimed (till 2022/2023) From 2020 to 2021 was invested in a offshore fund, with redemption in 2021, the profit and initial investment in the fund never entered UK and will never enter UK. If for the tax year 2023/2024, a switch to arising is made, will there be tax to be paid on the gains from 2022 (year when remittance basis was claimed) given that those gains as well as initial investment amount will be never remitted to the UK. Thank you a lot for your help!

Dear HMRC Community, Would you be able to help me with the following bonus clawback case: I have the opportunity sign a contract in 2024 with a sign-on bonus of 300 000 which I need to repay in the event of departure during next 1 year. The sign-on is to be paid in 2024 Sept. Under the assumption of 45% tax and 2% NI, my net income from sign-on would be 159 000. If my total income for 2025 tax year is 130 000 and I would have to repay the sign-on bonus in full in case of departure in 2025, my pre-tax income for 2025 would be: 130 000-300 000=-170 000. Through PAYE 45% tax and 2% NI would be deducted from my gross salary 130 000. My after tax income from salary for 2025 would be 68 900. If I don't have other income, how much tax refund I would be eligible to (given net taxable earnings of -170 000)? Thank you in advance!