Binks Overseas

If you’re a UK resident and you’re working in international waters, you may qualify for SED, exempting you from paying tax and national insurance in the UK.

We know that there’s a lot of admin involved in claiming SED and sometimes it doesn’t feel worth it. But it can save you £thousands. That’s why Binks Overseas manage SED for seafarers around the world. We do the admin. You save on the tax.

Even better, in some cases, we can pre-empt SED

To qualify for SED, you need to provide documentation – such as your Seaman’s logbook – and HMRC need you to work for a period of time before you can claim the deduction. This often means you have to pay your tax and claim it back.

Again, Binks helps you avoid hours and hours of admin. Because if you are working outside of UK waters and if you’re employed by a non-UK employer on a non-UK flagged vessel, we can demonstrate that you qualify for an NT tax code (zero tax, zero national insurance) and that you don’t need to pay tax in the first place.

Payroll through a non-UK employer

The key to qualifying is to ensure that your payroll is managed by a non-UK employer. That’s why Binks offers payroll management through Hong Kong, or if you prefer, through a European country like the Netherlands.

To find out if you qualify for a zero tax NT code, we need just three pieces of information:

·      Where you normally pay tax

·      Where you are working offshore

·      The name of your vessel

You get the benefits of SED without having to wait for it.

Let Binks manage your SED exemption

Once your payroll is set up, Binks can continue to manage your SED for you, exempting you from tax as long as you qualify.  All you need to do is maintain your evidence, such as your Seaman’s logbook, ensuring it’s stamped. We’ll talk you through any paperwork you need to complete.

Talk to Binks to find out if you qualify – we’ll do the rest.