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Seafarers’ Earnings Deductions (formerly Foreign Earnings Deduction) permits 100% of onboard earnings to be free of UK income tax.
It is possible for overseas workers to claim tax exemption on their foreign earnings by becoming non-UK resident.
Incorporated Service Company is an alternative to self-employment abroad or foreign employed work not qualifying for Seafarers Earnings Deduction (SED) or Non-Residency (NR) claims.
I have been using Haven Tax Service Ltd since 2010 after they were recommended to me by a fellow work colleague after I was let down badly by my previous accountant.
Mark and the team at Haven Tax service Ltd have been excellent to work with over the years, I have found them to be very professional and diligent at their duties.
If I ever have questions or Queries they respond promptly and have always given me the correct advice and guidance regarding any issues that have arisen and nothing ever seems to be a problem for them to handle.
For the person working in the Offshore Oil industry especially overseas I would not hesitate to recommend Haven Tax service Ltd for your accounting needs and I plan to continue to use them long into the foreseeable future.
Best Regards
In 2013 I ran into some big problems with HMRC due to a poor choice of accountant. One of my colleagues suggested I contact Mark@HavenTax. It has turned out to be one of the best pieces of advice I have ever been given.
The last 5 - 6 years have been very tough on a personal level but Mark has been with me throughout, offering quality advice and making sure this situation was resolved in the correct manner to avoid any further issues with HMRC. With Mark you simply get facts on what is right or wrong, he will never tell you what you would like to hear.
I will use Haven Tax for the rest of my career and cannot recommend them highly enough to anybody looking for a company who really do know the rules surrounding taxation for expats and offshore workers.
Regards
I am a chief Officer in the Merchant Navy working offshore and I have been a member with Haven Tax for the past 20 + years and I have been working with Mark Broadbent and his father before him Richard since then.
Mark has done a Tremendous job with myself through the years as with many others that I know who are also members with Haven Tax, and I highly recommend Haven Tax to anyone working at sea and offshore who are looking for a tax advisor.
Haven Tax are a no-nonsense hard-working company whom have responded to all my calls and questions politely and promptly and are very good at keeping you informed of any developments or issues that may arise on the way during any given tax year and are very thorough with the paperwork and keeping you well informed of your present status for qualification during your tax year.
Thank You
We offer a specialist and professional service to individuals working in the seafaring and marine industries. Over the 25 years we have helped countless numbers of people claim their rightful tax exemptions, across the spectrum.
This includes merchant naval vessels, yachts, cruise ships and foreign land based work.
The claims are substantially in regard of Seafarers Earnings Deduction and Non – Residency.
It is a specialist area and we are experts in helping individuals who are unable to qualify for tax exemption, to offer their own services by way of their own UK registered company.
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