Remittance basis and failure to notify

[Rhondorian]

Hello,

If there is a failure to notify HMRC of a capital gains liability, can you still apply to claim the remittance basis of taxation?

Also, say you have a capital gains in August 2013, you have 4 years from the end of the tax year to make a remittance basis claim, so you must claim by 5 April 2018?

However new remittance basis rules are coming into force on April 6 2017 removing the remittance basis of taxation.

Does this mean all remittance basis claims must be made by April 6 2017? Or do I have until 5 April 2018?

Many thanks

[maths]

However new remittance basis rules are coming into force on April 6 2017 removing the remittance basis of taxation

Whilst new rules are set to apply effective 6.4.17 the remittance basis is not being removed.

Where a taxpayer has been served with a Tax Return to complete, a claim for remittance basis treatment is required to be included in the Return.

However, a failure to do so may be corrected by filing an amended Return within relevant time limits.

An ultimate fall-back is to claim within 4 years of the end of the relevant tax year [typically by way of letter].

Provision is also made to require any taxpayer to voluntarily notify HMRC in respect of any tax year where the taxpayer is liable to income tax/CGT.