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 [...]

Oil Prices And The Knock On Effect On Seafarer Jobs Binks Overseas

By |November 23rd, 2019|UK Tax|

As a seafarer, especially one who works in the gas and oil industry, there are many global factors that could have an effect on your job security. One of the main things that can have a negative effect on today’s seafarers is the price of oil. Whether the price of oil goes up, or it [...]

The Importance Of Seafarer Welfare

By |October 30th, 2019|Tax|

Working onboard a ship can be a challenging career at times. Much of it is very routine with every aspect of the job, and the day, being performed in the same place or station, aboard the same ship, for weeks, sometimes months, at a time. This makes seafarer welfare that much more important of a [...]

Guidance For First Time Seafarers

By |October 30th, 2019|Tax|

If you are new to the seafarer trade, or you are just getting back into it after many years off, there is a lot to know and even more to learn. For starters, being a seafarer is unlike any other job that you have ever had and it can be difficult physically, mentally and emotionally. [...]

Binks Overseas’ International Payroll Services In Denmark, Norway, Finland, Italy, France And Greece

By |October 19th, 2019|Denmark tax, France tax, Norway tax, UK Tax|

As any maritime company management team will tell you, one of the most important, and often stressful, aspects of their job is payroll. Most modern maritime companies employ crewmembers from all over the world and that can make payroll challenging, especially since different countries often gave very different tax requirements. For any business to operate [...]

Benefits of Outsourcing Your International Payroll Function

By |June 20th, 2019|Uncategorised|

UK businesses are prolific outsourcers with 63% claiming that they outsource their payroll function. If you are part of a large international company, it is fair to say that running payroll is probably seen as a burden. Taking into account the mountains of paperwork, the unrelenting pressure, and the risks involved, is it time to [...]

Why Seafarers Should File A Tax Return

By |April 17th, 2019|Uncategorised|

While the actual deadline to file your tax returns is not until 31 Jan 2020, there are many advantages to filing early. In fact, seafarers can file their tax returns from 6 April 2019 which means they can also get any refunds they are due earlier as well. So, rather than waiting until last minute [...]