SK Tax Service

⚠️ Important Update for Offshore Workers

HMRC has recently indicated that it considers offshore decommissioning and well abandonment activities to be a "relevant use" for the purposes of Seafarers' Earnings Deduction (SED).

If this view is upheld, it could affect workers serving on vessels involved in decommissioning operations.

We do not agree with HMRC's interpretation and are actively challenging this position. Our view is that decommissioning and permanent well abandonment are closure activities, not the exploitation of mineral resources.

If you've worked on a decommissioning vessel and are unsure whether this could affect your SED claim, please get in touch with us for advice.

We'll be closed this Thursday, 26th March, due to a planned power outage affecting the office. During this time, we won't be able to access our systems or phone lines. We appreciate your patience and understanding, and we'll be back up and running as normal on Friday 😊

We are currently experiencing a power cut, so we have no access to phones or email! Hopefully this will be resolved soon 🤞

Reminder for Self-Assessment tax payers!
The second Payment on Account for the 25/26 tax year is due by 31st July 2025.
If you’re unsure how much to pay or whether it applies to you, get in touch at [email protected] now so we can help you avoid interest or penalties.

Happy birthday, Paula! 🎉 Wishing you a fantastic year ahead filled with laughter, success, and all the good things. We’re so lucky to have you on the team!