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Remittance basis charge

The remittance basis charge is an annual charge payable by ‘long-term’ UK residents for the privilege of claiming the remittance basis.

Taxpayers who wish to utilise the remittance basis (but do not qualify for it automatically) must pay one of the following charges:

1. •

   £30,000 per year where the taxpayer has been resident in the UK for at least seven out of the last nine years

2. •

   £60,000 per year once the taxpayer has been resident in the UK for at least 12 out of the last 14 tax years

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