Working abroad

ic198

I'm going to be working abroad for 7 months, starting at the beginning of April. I will be working on a boat, moving countries, so I won't be resident of any one country, though they will all (I think) be EU. I will be paid, in Euros, from an offshore account, and because I will be paid in Euros I will probably set up an offshore account to receive the money. Its not going to be a huge amount (E1500 a month approx.) so what is my best course of action tax-wise? Do I need to go self-employed or can I do better than that? If the money stays in my offshore account (except when I spend it) do I need to declare it?

Thanks in advance

System

I'm not 100% on this but I think because you will not be out of the country for a full tax year ie; 6th April to 5th April next year then you will have to declare your income. You will also have to fill in a Leaving the UK form before going and an Arrival in the UK form when you return. I think they are P85 and P86 forms.

JC4LAB

I think you are Correct..you need to be abroad a year.with no more than 60s or maybe 90 days of home visits..Employees working here in the Uk are subject to our tax rates,so it is possible you may be subject to the tax rates of the country of the company which employs you .(i assume an EEC Member)..Under double taxation agreements with most countries this means what they deduct from you in tax may be deemed as UK tax already paid...so you must declare your earnings to the tax office and thery will take this tax into account.(so you dont pay twice)...Uk tax however maybe lower than some EEC countries...

This is just another view of what may happen...but it is only a guess..Only your ship can tell you for sure how they operate..Hopefully someone who has done the same will reply