Crew Tax
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Join Date: Aug 2001
Location: Cornwall
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Crew Tax
I have just followed the "On-Line Log Book" thread and one of the links goes to a site called "Crew Tax". There seems to be some tax benefits for those UK tax payers whose work schedule takes them abroad. Is this true? Has my accountant missed that one - or is it only BA crew who can get some for of rebate?
Join Date: Jun 2005
Location: In my tank engine
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If you ask the tax office they will send you out some info, If your out of the UK so many days in a tax year (I think its over 6 months or 9 months per tax year)
Then you do not have to pay tax from on an income earned from a foriegn source, You do have to pay UK income tax on income earned in the UK (I did this for 3 years)
Be very carefull you should pay tax where you earn that income and some of the tax rates in other countries in Europe are much higher than the UK.
If you do this what ever you do keep paying you class 2 NI contributions in the UK, This will entitel you to a pention when you retire.
I live and pay my taxes in another Europeon country but still pay class 2 NI contributions in the UK.
Then you do not have to pay tax from on an income earned from a foriegn source, You do have to pay UK income tax on income earned in the UK (I did this for 3 years)
Be very carefull you should pay tax where you earn that income and some of the tax rates in other countries in Europe are much higher than the UK.
If you do this what ever you do keep paying you class 2 NI contributions in the UK, This will entitel you to a pention when you retire.
I live and pay my taxes in another Europeon country but still pay class 2 NI contributions in the UK.
In the USA....transporation workers who are away from their home base are allowed to deduct their expenses from computed income taxable wages. That can be substantial amounts of savings when one uses the Standard Deduction for each day away. That is over and above normal work related expenses that are deductible.
