
Superyacht Crew Eligible for Seafarers' Earnings Deduction
Calling all UK residents. Did you know that even though you might be working overseas, if you're a registered UK resident you're still required to file a self-assessment tax return? As a UK resident you'll need to make sure you register for Self Assessment and complete a tax return giving income details for the tax year you're claiming any deductions for. You can either register as: Self-employed Not self-employed Registering a partner or partnership But if you're employed by a yacht and working at sea - outside the UK - you might be eligible for the Seafarers' Earnings Deduction (SED) - a type of tax relief - which could reduce your tax bill. Whether you're a captain, engineer, stewardess or deckhand on a supery...