Deduction Rules

100% FOREIGN EARNINGS DEDUCTION AND NON RESIDENCY

One of the most important aspects of our service is to identify and claim 100% exemption.

You will probably have been aware of many conflicting ways in which you can qualify. Rumours are plentiful and everyone has their own ideas, through talking to seafarers we have seen many incorrect interpretations used by individuals concerning this complex rule and in our experience proved to be very costly! Remember it is not as simple as purely doing a “day count” the rule also has to be taken into account.

Since 2004, the Revenue has restricted further those who are entitled to the relief, this by re-classification and not accepting offshore installation as "ships".

Also people believing that because the Revenue have refunded their tax that they have actually checked and agreed the claim to F.E.D. anyone can ask for their tax back.

The problem arises when the Revenue decide to check on what grounds you have made the claim.

Can you therefore be sure that the claim you make will not be investigated by the Revenue at a later date. This appreciating that they may appear to pass your claim initially. However the evidence of the claims, i.e. airline tickets need to kept indefinately as the Inland Revenue can review the history of the claim at any time.

As we are constantly reviewing Revenue interpretations why not make use of our experience in this field to handle your claim.

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