What to Claim: Tax Rebates for Offshore Workers in the UK – TaxBack

from the blog.

What to Claim: Tax Rebates for Offshore Workers in the UK

Money Transfer

Offshore workers in the UK are eligible for a tax refund. What
is even better is that tax rebate can come from several different
sources. If you know all about them, you are likely to get a
significant amount of tax refund.

Travel expenses

Did you know that you’re eligible for a refund when traveling to
what HMRC calls temporary workplaces, especially when done under 24
hours? If you didn’t, you’d be happy to know that you can still
claim for the past four years that you didn’t ask for a refund for
travel expenses. The same thing applies if you fly out to your
platform, or travel to the airport or heliport, either using your
own car or public transport.

If your employer pays some of your travel expenses, you can
still get a tax refund based on the difference of what your boss
gave you and what is specified by the law. What is tax free is less
than 45p per mile for the first 10,000 miles, and less than 25p per
mile after this.

Accommodation expenses

If you need to book a hotel the night before or two days before
you need to go to the platform, you could be eligible for
accommodation rebate. If you pay for your hotel out of pocket, you
could be due some cash as well. Just make sure to keep the receipts
for documentation and calculation purposes.

Most of the time, refund for travel and accommodation expenses
are separate from the Seafarers Earnings Deduction (SED), if and
when applicable.

The amount of tax you can claim back

On average, an offshore worker can get a tax refund of anywhere
between £600 and £700 per year. So if you have four years of tax
rebate to claim, you’re going to have plenty of extra cash when it
goes through.

Think you may be due a tax refund? Apply here to get
your tax back.


Tax Refunds for Offshore Oil & Gas
workers



Related Posts

How to Trade Cryptocurrency in Different Countries

The cryptocurrency market may be expanding rapidly but the ambiguity in terms to define the products that come in its purview is what is intriguing. While all types of digital currencies are based on decentralization technologies, the terms used for...

What Is A UTR Number And How Does It Apply To You?

The Unique Taxpayer Reference Number or UTR is an exclusive 10 digit code that’s allocated to you or a company by Her Majesty’s Revenue and Customs (HMRC).  This code helps HMRC personally identify you with reference to any tax responsibilities...

How to Appeal an HMRC Self-assessment Penalty

If you have received a fine from HMRC, our guide will tell you how to appeal a Self-Assessment penalty, get it delayed or reduced. If you appeal to the tribunal, HMRC will wait for your payment until the tribunal sorts...

Leave a Reply

Translate »