A novel Flip-filter bank multicarrier (Flip-FBMC) based transmultiplexer (TMUX) with offset quadrature amplitude modulation is proposed to enhance the Flip-OFDM performance. Moreover, the possibility to reduce the TMUX response (latency) and increase the gain in the spectral efficiency have been investigated for the first time through a tail shortening method. The proposed design is based on a biorthogonal form for visible light communication (VLC) to increase the flexibility degree of the design requirements. However, the spectral efficiency is detected to be suffering from the ramp-up and the rampdown at the beginning and end, respectively, of the data burst. Hence, as penalty, Flip-FBMC imposes 9extra symbols than Flip-OFDM packet and two-factor compared to DCO-FBMC burst. A hard truncation for the lowest energy tail contributes to minimize the latency and limits the system penalty to 2.5 symbols which is lower than DCO-FBCM by 2 symbols. The results show that the prototype filter of Heisenberg factor (≈ 1) is highly desired to reduce the energy loss of truncated tail and improves the symbol error rate (SER) performance. The Flip-FBMC over a direct line-of-sight VLC channel gain is analyzed and, the channel estimation of truncated burst, which based on the interference approximation method (IAM) of IAM-C type, exhibits a superior performance of 1.5 dB at 10 -3 SER over IAM-R method and 1dB at 10 -5 SNR over a cyclic prefix of 1 point Flip-OFDM. On the other hand, the analysis reveals that IAM-C are slightly impacted by the burst cut compared to the nontruncated model. INDEX TERMS Filter bank multicarrier (FBMC), hard truncation methods, Heisenberg factor, interference approximation method, visible light communication (VLC), Flip-OFDM This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.