I can’t see SED going away anytime soon. If anything claiming SED is a little more simple now that HMRC got their arse kicked a while back (2004 I think) for trying to claim that any vessel working on an oil & gas asset (pipeline surveys etc) was deemed to be an ‘installation’ for SED tax purposes.
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The latest information on how to qualify can be found on the HMRC website at:
HMRC link : Do I qualify for Seafarer’s Earnings Deduction?
The latest information on what is deemed to be a vessel (ship) by HMRC.
(James comment: Basically, if it falls under the link below you can claim SED if you have the offshore days and the foreign port call.)
HMRC Link: EIM33104 – Seafarers’ Earnings Deduction: offshore installations and ships: years up to and including 2007/08: examples
The latest information on what is deemed to be an installation by HMRC.
HMRC link: EIM33103 – Seafarers’ Earnings Deduction: meaning of offshore installation: 2004/05 onwards
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Of course HMRC can’t make it totally simple (that would be too easy!) as there are a few if, buts and maybes thrown in by them for good measure. IMHO, The one to look out for is ‘Light well intervention vessels’ that might, in the course of a year carry out well intervention. Not so bad if you only do one trip on it that year, but maybe not so clever if you do multiple trips.
regards