UK Tax

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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 [...]