This articles examines how US Seafarers can claim the Foreign Earned Income Exclusion. It looks at the reasons why those who are eligible for it choose not to use and instead fail to file at all.?
We wrote this article to act as a rough guide to how tax residency works in yachting.
With Brexit only a matter of weeks away, many seafarers are finding it difficult to keep up with the changing terms or what will happen next with the SED laws. In this article we clear up the confusion surrounding exiting the EU and how it may affect yacht crew.
The filing deadline for UK citizens to submit their self-assessment tax returns to HMRC is fast approaching. Have you got all your necessary documentation together and ready? Follow our tax return checklist to ensure you are fully prepared long before the deadline comes on 31 January 2019.
This article takes an in depth look at the advantages of filing under the Seafarers Earnings Deduction and why yacht crew should use this.
A recent client received the following letter from the IRD phishing for information. We discuss how best to deal with this if it happens to you.