Remittance Basis Charge

[lsp54]

I have dealt with quite a few remittance basis claims but for the first time I have a new client who needs to pay the Remittance Basis Charge.

My questions are these:
1. Is the charge is paid through the self-assessment tax return at the end of the year and treated as other self-assessment tax?
2. Does anyone know of a good reference guide with practical advice and examples? I have researched the subject on the HMRC website but am still not confident. I think I need a practical manual.
3. If you don't claim the Remittance Basis Charge is there a standard 10% general allowance against foreign income which is declared (the tax payer has mentioned this to me) - Is this instead of relief for foreign tax paid?

Many thanks.

[maths]

1. Yes.

2. Malcolm Finney's book "Personal Tax Planning: Principles and Practice 2011/12" contains a whole chapter (with examples) devoted to the non-dom plus other parts of the book also address remittance issues etc.

3. Not sure to what you're referring ?. 90% of foreign pensions only taxed where arising basis applies.

[lsp54]

Hi, Thank you very much for your advice. I have had a look at Malcolm Finneys book and it does look very useful.
Yes my client is referring to his foreign pension with the 10% discount.

It's clearer now, so thanks again.

[lsp54]

Just a final note - I now have Malcolm Finney's book and it is really good with loads of useful info. Thanks very much for the recommendation.

[maths]

My pleasure. Pleased it's helpful.