![]() ![]() If you’re going to be working outside the UK for less than a tax year or on a casual basis, there may not be any changes with your taxation. a year) or one-off contracts, but it’s not uncommon for these short-term projects to turn into long-term ones that can last for a few years.įor freelance offshore workers, there are a couple of potential situations:ġ. How long will you be working abroad? Keep in mind, as well, that plenty of offshore jobs are contracted on fixed-term (e.g. That being said, it is advisable to work with an accountant as they can potentially save you money in the long run.īefore leaving for your next job, you first need to determine your tax residency status, so you’ll know whether you’re still taxable in the UK on your foreign income or not. If you’re not working with an accountant, the government has published a step-by-step guide on registering your limited company that you can follow. These do not apply however, when you’re working outside UK territory.Īccountants generally advise offshore workers to create their own limited company, as this is the most tax-efficient route. If you’re going to be working within UK waters, then you will still be subject to the majority of the country’s tax laws (e.g. Working on oil and gas rigs and other offshore installationsĭoing ancillary or support work for the oil and gas industry ![]() Offshore workers, according to HMRC, fall under the following criteria: If you’ve found an opportunity to work abroad, especially if it involves multiple clients and jumping to different rigs and vessels, then you need to work on several bookkeeping tasks to make sure you stay compliant and that you’re financially stable. Bookkeeping, therefore, is a vital skill. While this career track offers numerous advantages, not having an employer means shouldering the responsibility of doing your own finances and taxation. As a freelance offshore worker, you’ll have the opportunity to work in some of the most beautiful places in the world, whether that’s in the Gulf of Mexico or closer to home in the North Sea. ![]()
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