Accountancy services for seafarers

There are special rules for persons employed on board ships. Provided that you are not onshore in the UK for more than six months in a tax year and your vessel visits a foreign port at least once in that time you may be eligible for the seafarer’s exemption for income tax purposes.

The calculation is involved and you are required to keep detailed records of your travels but securing the exemption is extremely advantageous.

Andrew Bagnall presently acts for a number of seafarers and would be delighted to talk to you on a no obligation basis.

Please also contact us and ask for additional information on any aspect of the accounting and taxation of seafarers or on any of the following related topics:

• Employed or self employed?
• Making a will and other related matters
• Tax efficient investments
• Pension schemes, contributions and tax relief