Paragraph 1 No remittance basis for tax years after 2024-25

United Kingdom

(1)

Chapter A1 of Part 14 of ITA 2007 (remittance basis) is amended as follows.

(2)

In section 809B (claim for remittance basis to apply), in subsection (1)—

(a)

in the words before paragraph (a) omit “the individual”;

(b)

before that paragraph insert—

“(za)

the tax year is the tax year 2024-25 or an earlier tax year,”;

(c)

in each of paragraphs (a), (b) and (c), at the beginning insert “the individual”.

(3)

In section 809C (claim for remittance basis by long-term UK resident), in subsection (1)—

(a)

in the words before paragraph (a) omit “the individual”;

(b)

before that paragraph insert—

“(za)

the tax year is the tax year 2024-25 or an earlier tax year,”;

(c)

in each of paragraphs (a) and (b), at the beginning insert “the individual”.

(4)

In section 809D (application of remittance basis where income and gains under £2000) in subsection (1), before paragraph (a) insert—

“(za)

the tax year is the tax year 2024-25 or an earlier tax year,”.

(5)

In section 809E (application of remittance basis without claim: other cases) in subsection (1), before paragraph (a) insert—

“(za)

the tax year is the tax year 2024-25 or an earlier tax year,”.

(6)

In consequence of the amendments made by sub-paragraphs (2) to (5), in section 809A—

(a)

for “are” substitute “were”;

(b)

after “Kingdom” insert “in tax years before tax year 2025-26”.