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Taxation info for Marine Engineers and Deck Officers or people working abroad

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  • 02-09-2010 1:23pm
    #1
    quietsailor
    Registered Users Posts: 1,428 ✭✭✭


    Folks

    I came across this info on another thread in the Business forum and it will be useful for anyone thinking of going to sea/abroad as there is a lot of urban myths out there about seafarers and not paying tax.

    I know this thread will get displaced eventually but hopefully if someone is searching boards in future for this topic it'll come up.

    http://boards.ie/vbulletin/showthread.php?p=60419440#post60419440

    The best advice I can give you is go to an accountant who deals with seafarers already, I don't know if I can put up the name of the company I used to deal with - it might be seen as advertising - but if you pm me I'll pass it on. be warned I don't have great internet access so I don't check my messages very often, don't expect an instant reply

    Shane


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    #2
    Tabnabs
    Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,722 Mod ✭✭✭✭Tabnabs


    are they still hawking that local firm promising to write everything off as tax deductible? I got a regular account to do my tax returns for me and got on perfectly well. Don't be fooled into being told you need a specialist firm, nonsense. You'll also pay less as the work involved in filing tax returns are fairly minimal.


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    #3
    quietsailor
    Registered Users Posts: 1,428 ✭✭✭quietsailor


    Dyflin wrote: »
    are they still hawking that local firm promising to write everything off as tax deductible? I got a regular account to do my tax returns for me and got on perfectly well. Don't be fooled into being told you need a specialist firm, nonsense. You'll also pay less as the work involved in filing tax returns are fairly minimal.

    When I first went to sea the Nautical Department (it was still part of the CIT in 1996) was full of b*ll**** stories about how you didn't pay tax because you worked at sea. Thats the main reason I originally posted the thread, so the new cadets going to sea wouldn't fall into the same trap.

    Back then when I went looking for accountants around Cork city most hadn't heard of the non-resident rule when I rang them up. The crowd I use now were the ones that seem to have the best grasp of it (their name was passed on by another seafarer to me)

    I don't know about the work being minimal, if an accountant hasn't seen this before they will need to research it and depending on the type of ship you work on - a deep sea gas boat running around the Far East or a ferry that is in Ireland every day - there could be mistakes made in calculating your time home/abroad which could cost you money.

    I agree you don't need specialist tax advisors but you do need an accountant who knows what they are doing. Another example where a bad accountant can get you in trouble is the agreement between England and Ireland relating to reciprocal taxation and time spent on a ship in ireland can be counted towards residency in the UK and you can be taxed there - a friend of mine is in that situation, they are taxed in the UK but aren't taxed in Eire due to the reciprocal agreement. As they work in the N. Sea they hve to be very careful how much time they spend in Ireland as it could cause them to have a greater UK tax bill.


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