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Archive for Category: Offshore

Offshore ship in the ocean.

What Is Seafarers Earnings Deduction (SED) and How Does It Impact Offshore Workers?

If you’re a UK-based seafarer working offshore, you could be entitled to a significant tax break under the Seafarers Earnings Deduction (SED) scheme. This lesser-known piece of tax legislation can mean the difference between a hefty bill and a substantial refund—but only if you understand the eligibility criteria and...

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