COVID-19 & My SED Claim - How Many Days Can I Spend At Home?
With COVID-19 wreaking havoc on world travel over the past year, many UK seafarers have unwittingly spent more time at home than planned. In this article, we explore how this may affect seafarers earnings deduction qualifying periods and the HMRC's present position on the situation.
Brexit - A Guide for Yacht Crew
Now that the UK has finally left the EU with an agreed trade deal, many questions remain about how the changes affect yacht crew and their ability to work, live and travel in the EU now that Brexit is finally concluded. Read our latest article which addresses various concerns in more detail.
All I Want For Christmas Is To Travel...
As we approach the end of the most turbulent of years in living memory, our final publication of the year will take a lighter note, looking at things we've been unable to do due to COVID restrictions including travel, holidays, time with family and finding work.
Your Offshore Holdings Are No Longer Hidden
Yachting has long had a culture of keeping money earned offshore, away from the prying eyes of the tax man, due to crew member's common misconception of believing they have no tax obligations in any country. In our article, we explain how this is in actual fact wrong, and why new legislation means you must act now to prevent falling foul of the authorities.
Boat VAT Liability After Brexit
With the final Brexit date looming, many UK boat owners could be at risk of incurring additional VAT liability on vessels currently located outside UK waters. Does this potential new VAT liability affect you? Read our article to find out more.
The Rise of Bad Financial Advice - Part II
In the eagerly awaited second part of our financial crime saga, we look deeper into numerous situations where crew members have been the unfortunate victims of poor investment opportunities, sold at the hands of rogue financial advisers. What we uncovered was extremely revealing and truly disheartening.
The True Cost of a Spanish Property Purchase
Spain seems like an obviously idyllic location to buy an attractively priced property, but that may not be the whole story. There's always taxes to pay, with each region determining applicable rates individually. Read more to learn the true cost of buying a Spanish property.
The Rise of Bad Financial Advice
There is a new gang of financial villains in town, sharper dressed, with slightly better sales patter, but the crime has not changed. The financial products and services that are being sold are not worthy of investment and unfortunately our clients are losing significant amounts of money as a result. We are here to give these victims a voice.
HMRC Investigations Boosted by 26% in Conjunction with New Investigatory Powers
Due to increased investigatory powers, HMRC reported 430 personal and business investigations into offshore holdings during the 2019/20 tax year, as rise of 26%. In our article, we take a look at what these increased investigatory powers and what you should do to avoid becoming their next victim.