IR35 – What You Need To Know, And How To Prepare For It

By |September 15th, 2020|Blog|

While the COVID-19 crisis was on everyone’s mind this past spring and summer, new tax regulations which affect contractors both in the UK and UK workers contracting overseas, went into effect. And, despite being heavily criticised by tax experts and the business community as ‘being poorly conceived, badly implemented by HMRC and causing unnecessary costs [...]

Things Seafarers And Businesses Need To Be Aware Of Before Brexit

By |September 2nd, 2020|Blog|

    The maritime industry is one of the global sectors that will be affected most by Brexit and the subsequent regulations that come along with it. The main reason for this is the lack of free movement between the EU and the UK. Overseas contractors will still need to travel to and from the [...]

What The Maritime Industry Has Learned From The COVID-19 Crisis

By |September 2nd, 2020|Blog|

The COVID-19 crisis has changed the way the world thinks, works, and evolves. Regardless of your industry, you will feel the effects of the COVID-19 crisis for quite some time. This is equally true of the maritime industry which was hit especially hard by the virus. With many seafarers stranded on ships for extended periods [...]

Getting Back To Work After The COVID-19 Lockdowns Have Eased – What Seafarers Need To Know

By |July 21st, 2020|Uncategorised|

While the COVID-19 is still causing panic around the world, it seems as though many countries are finally flattening the World Health Organization’s curve and hospitals are seeing fewer new coronavirus cases with every passing day. While that is exceptionally good news, we still have a long way to go before the COVID-19 lockdowns are [...]

Most Frequently Asked Questions That Contractors Have On The New IR35 Regulations

By |April 22nd, 2020|Blog|

With the upcoming regulation changes to the IR35 legislation, Binks Overseas is here to help our clients understand these changes and to answer any questions they might have about IR35 or any other overseas payroll or tax issues. Today, we are going to take a look at some of the most frequently asked questions that [...]

What Is IR35 And What Does It Mean For Contractors Both In The UK And UK Workers Contracting Overseas?

By |April 12th, 2020|Blog|

On April 1st, 2020, new IR35 regulations come into play and experts are saying that these new, stricter, regulations could have an impact on contractors both in the UK and UK workers contracting overseas.  The new IR35 regulations may make it more difficult for contractors both in the UK and UK workers contracting overseas to [...]

Looking To Contract Overseas? This Is What You Need To Know

By |February 27th, 2020|UK Tax|

Are you new to seafaring or looking to contract overseas? If so, you might have a lot of questions. This is normal and, just as you will find the answers to all of your overseas contracting questions eventually, you will also find many new questions to replace them with. Fortunately, when you have questions, we [...]

Do Recent UK Seafarer Statistics Accurately Show The Health Of The Industry?

By |February 13th, 2020|Uncategorised|

A recent study examining the UK seafarer industry from tax year 2018, to tax year 2019, show that there were an estimated 25,750 UK seafarers active at sea in 2018. While that figure might seem high to some, it is in line with figures over recent years which, by the way have remained stable. The [...]

How Brexit Will Impact UK Workers Contracting Overseas

By |January 22nd, 2020|UK Tax|

In a recent poll, 44% of UK freelancers and contractors feel that Brexit will not have any effect at all on their business. However, 18% of those polled believe that it will have an effect on their business, albeit, a positive one. While these are surprising figures, what isn’t surprising is that 38% of UK [...]

European Payroll Tax Year End On The 31 December

By |November 23rd, 2019|Tax, UK Tax|

If you are a British worker working or contracting overseas, or you work in international waters as a seafarer, you might already know that the deadline to file Year End European Payroll Tax is 31 December. While that might still seem like quite some time from now, remember that we are already into November and [...]