UK Tax

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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 [...]