The Remittance Basis Charge is for resident non-domiciled individuals who elect to be taxed on the remittance basis. The charge is set at £30,000 for those individuals who had been resident in the UK for at least 7 of the last 9 years and longer.
From the start of the 2012-13 tax year, a new £50,000 charge was also introduced for those individuals who had been resident in the UK for at least 12 of the last 14 years and longer.
The amount of revenue raised by the annual Remittance Basis Charge for non-domiciled individuals in each tax year since 2008-09, rounded to the nearest million, is as follows:
£30,000 or £50,000 (depending on length of residency)
The amount of revenue raised by the annual Remittance Basis Charge for non-domiciled individuals in the 2012-13 tax year, broken down by the time they have spent in the UK and rounded to the nearest million, is as follows:
7 of the last 9
12 of the last 14
The figures for the 2013-14 tax year onwards are not yet available.
The expected exchequer impact of the changes to the Remittance Basis Charge announced at Autumn Statement 2014 is set out on page 41 of the policy costings document, available on GOV.UK at the following link: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/384071/AS2014_policy_costings_final.pdf
The final exchequer impact is affected by behavioural responses to the policy, as explained in the policy costings document.