What is considered a ship by tax law? While there are no specific rules or information about the kind of ship that employees have to be in to qualify for SED, offshore installations have been specifically identified as not a ship. So, if you are working on an installation, you may not qualify an SED […]
A lot of people associate seafaring with high pay, without giving much thought to the hard work and hardship that goes with every penny a seafarer makes. There is some truth to this belief, however. Seaborne trade is a global industry, after all, with money flowing by the billions. The United Kingdom, for instance, rely […]
What You Need to Know About SED Because seafarers are usually out at sea at different periods, whether they qualify as a UK resident for tax purposes can be complicated. There are specifications regarding the time spent in or out of the UK, after all. But a major concern by most seafarers has something […]
What It’s Like To Be A Junior Marine Engineer The role of a Junior Marine Engineer onboard a ship is quite a hands-on position, where he/she is expected to monitor the engine room. Not alone, however, there would be a second or third engineer to accompany. If you’re looking into the idea of uprooting and […]
UK Companies Best for Seafarers Working as a seafarer in the UK has its perks, especially where safety and welfare are concerned. The existence of a registered charity, the Seafarers UK, for instance, helps ensure that the lives of seafarers and their families are improved. More importantly, there are plenty of UK companies where seafarers […]
Seafarers In The UK Working at sea may pay well, but the dangers are just as many. Most seafarers work long hours and only have welfare groups as friends in different ports around the world. A reporter, Thom Cookes, dubbed it as “one of the loneliest and most isolated jobs in the world”, considering that […]
How the Growing Cruise Industry In UK Generates More Jobs According to a report in Travel Weekly, “The cruise industry’s direct contribution to the UK economy grew by 6.5% to £2.54 billion last year from £2.38 billion in 2012”. This only shows that this particular sector of theseafaring industryis growing steadily, with no signs of […]
Tax Credits For Seafarers In UK An employee working at sea outside the UK can enjoy deduction in his tax bill, provided that he meets certain requirements. When proven eligible, a seafarer can get as much as 100% deduction. What the tax credits seafarers in the UK can enjoy? Seafarer’s Earnings Deduction (SED) To be […]
How to Be Prepared for the Life of a Seafarer The globetrotting lifestyle and the promise of a huge salary are often enough to make anyone want to become a seafarer. Little do they know that life at sea is never easy and is often fraught with risks. Whilst there are many reasons to stay […]
Tax Breaks For Freelancers And Independent Shop Owners In The UK Are you working for yourself rather than for someone else? Regardless if you work freelance or run a shop independently, you still have mandated responsibilities that you need to deal with, particularly taxes and National Insurance. Since failure to do so can result in […]
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