UK Tax

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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 [...]

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 [...]

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 [...]

New rules to buy-to-let properties

By |March 10th, 2016|UK Tax|

In the 2015 Summer Budget and Autumn Statement, the Chancellor introduced several changes that will affect anyone buying or owning a buy-to-let property in the UK. It is important that landlords understand these changes because they may affect the profitability of many buy-to-let portfolios, however small or large they are. From 1 April 2016, higher [...]

The Seafarers Earnings Deduction (SED)

By |March 8th, 2016|UK Tax|

The Seafarers Earnings Deduction (SED) is a unique piece of UK tax legislation that allows seafarers to claim a 100 per cent tax exemption on their foreign earnings or a full refund of income tax deducted at source where the seafarer is paid under a UK PAYE scheme. More recently it has been extended to [...]

UK Employment status – employed or self-employed ?

By |February 19th, 2016|UK Tax|

Are you employed or self-employed ? This question has implications for all workers, not least seafarers looking to claim 100% tax refund or exemption from UK taxes. This checklist provides a quick guide to the key employment indicators that may be used to denote whether an individual is employed or not. Factor Self-employed Employee Personal [...]