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Excellence in specialist and professional service to individuals working in the seafaring and marine industries

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Seafarers Earnings Deduction claims

Seafarers Earnings Deduction claims

Seafarers’ Earnings Deductions (formerly Foreign Earnings Deduction) permits 100% of onboard earnings to be free of UK income tax.

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Frequently Asked Questions

Register for self-assessment and complete and file a tax return.

Yes, your work does not have to be related to seafaring. For example, a musician, entertainer or cook employed onboard is eligible.
No, these are not ships for the purpose of SED; however cargo vessels, tankers, cruise liners and passenger vessels do qualify.

No, you must be resident for tax purposes.

  • Air tickets
  • Travel vouchers
  • Hotel bills
  • Other receipts
  • Passports and visas
  • Seafarer’s discharge book
  • Freeboard logs of the ships you carried out duties on
It is advisable to keep all documents for at least 6 years after the end of each tax year. However, it has been known for HMRC to go back further than 6 years.
No, but this will be required for HMRC enquiries into your tax return, which could be at any time. Anyone not in a position to provide the documentation could have previous claims disallowed.
HMRC allow you to go back 4 tax years (including the year you are in) so from the 2019 – 2020 tax year the earliest we could go back is to the 2016 – 2017 tax year.

No. SED only applies to individuals with a contract of employment.

No, but you can make voluntary Class 2 contributions to preserve your state pension benefits.
Yes, if you serve on board vessels that are registered in the UK or Isle of Man.
Wave Line
Non-Residency Claims

Non-Residency Claims

Deep Sea Oil Rig Workers
Land Based Offshore Workers

It is possible for overseas workers to claim tax exemption on their foreign earnings by becoming non-UK resident.

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Frequently Asked Questions

No, Non – Residency applies to foreign earnings.

A claim can start (or end) on any date.

Any new claim must run for a minimum of 13 months.

By filling in the relevant pages of a Self – Assessment Tax Return.
In any whole tax year, you must not exceed 90 days in the UK.
No, Non Residency only applies to employees.
Yes, you can pay a total gross contribution of £3,600, but only for a maximum of 5 years from the date Non Residency commences.
No, if you become Non – Resident you must stop all contributions to ISA’s.
It may not be possible to find mainstream lenders willing to lend whilst you are regarded as Non Resident.

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Offering some of the most competitive rates 

Pay Annually

£ 240 Annual
  • Seafarers Earnings Deduction
  • Non-Residency Claims
  • Tax Returns filed with HMRC
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Pay Quarterly

£ 70 Quarterly
  • Seafarers Earnings Deduction
  • Non-Residency Claims
  • Tax Returns filed with HMRC
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Pay Monthly

£ 25 Monthly
  • Seafarers Earnings Deduction
  • Non-Residency Claims
  • Tax Returns filed with HMRC
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Wave Line
Service Companies Incorporated

Service Companies Incorporated

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.

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Frequently Asked Questions

We incorporate a UK limited company for you and you can provide your services to offshore companies.

The income generated is paid into the company and you can then pay yourself in the most tax efficient way with a wage and dividends.

Yes, you will need a contract that establishes you are not employed by that company. This falls under the IR35 rules.

Yes, you need to set up a UK bank account for your payments to be made from offshore.

Yes, you have to file tax accounts at HMRC each year and must use an accountant who has compliant software.

Yes, shares can be allocated to them; wages and dividends can be paid to them. This is very beneficial if your spouse or partner does not work.
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  • Seafarers Earnings Deduction claims
  • Deep Sea Oil Rig Workers
  • Land Based Offshore Workers​
  • Service Companies Incorporated​

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