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 [...]
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 [...]
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 [...]
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?
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 [...]