Compliance & outsourcing
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National Insurance
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Seafarer's Deductions claims
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Tax relief claims
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VAT
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Tax residency and double taxation
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Bookkeeping
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Payroll
Marine Industry and Fisheries
Operating in the marine and fishing industries often means facing unique pressures. These range from navigating complex licensing and fuel duty claims to managing seasonal income and staying compliant with ever-changing regulations relating to seafarer tax.
Our team of marine accountants specialise in understanding not only the issues and compliance requirements, but the strengths of the industry.
At TC Group, we go beyond the basics. ‘Advice’ isn’t just a list of options – it’s about understanding your operation, your goals, and giving you clear, confident guidance to seize opportunities and build long-term stability.
We work with a wide range of marine and fishing clients, including naval architects, offshore contractors, divers, consulting engineers, wild fisheries, and fish farms. We also advise individuals and businesses on specialist areas such as seafarers’ earnings deduction.
Our hands-on experience means we’re well-versed in the specific issues you face, including marine mortgages, quota purchase and sale, shared fishing arrangements, licensing, and more.
Key services for Marine Industry and Fisheries
Advisory Services
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Employment and HR support
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Grant and investment support
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Raising capital and corporate
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Finance solutions
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R&D tax reliefs
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Succession planning
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HR Outsourcing
For ongoing HR support within marine and fishing businesses, our outsourcing subscription packages enable us to take many routine challenges off your plate, supported by our marine accounting expertise. Fees are flexible based on headcount and the number of hours required per quarter.
OUTSOURCED FINANCE DEPARTMENT
TC Group has the expertise and resource to be your entire finance team, ensuring you have the support and information needed to achieve your goals.
Research & Development
Research and Development (R&D) tax reliefs support companies working on innovative projects, and our marine accountants advise on qualifying activity.
Succession Planning
Our marine accountants pride themselves on taking the time to understand your personal objectives, equipped with sound advice and a tailored, insight-driven strategy.
VAT Planning & Structuring
Specialist marine VAT planning and compliance structuring to uncover opportunities and minimise your tax liabilities.
FAQS
WHY DO YOU NEED A SPECIALIST MARINE AND FISHERIES ACCOUNTANT?
TC Group’s hands-on experience means we’re well-versed in the specific issues you face, including marine mortgages, quota purchase and sale, shared fishing arrangements, licensing, and more.
WHAT IS A MARINE MORTGAGE?
A marine mortgage is a legal agreement (a secured loan) where the vessel acts as collateral for the loan.
WHAT IS THE SEADARERS’ EARNINGS DEDUCTION?
This is an HMRC tax relief that allows qualifying UK-resident (or EEA-resident) seafarers to claim up to 100% tax relief on their foreign earnings.
WHO QUALIFIES FOR THE SEAFARERS’ EARNINGS DEDUCTION?
To get the deduction, you must have:
- Worked on a ship.
- Worked outside of the UK long enough to qualify for the deduction – usually a minimum of 365 days.
- Been resident in the UK or resident for tax purposes in a European Economic Area (EEA) State (other than the UK).
