Marine Accountants | Seafarers Tax Accountants

Marine & Seafarers Tax Accountants

As accountants based near the Solent, we’re very aware of the shipping industry on our doorstep, the role it plays in and around Southampton, and the wider UK economy.

According to the CEBR, the maritime sector employed more than 220,000 people and turned over £47.4 billion in 2017. That revenue was 25% higher than in 2010 and is forecast to grow by an additional 15% by 2023.

Our experience as accountants sees us supply services ranging from providing seafarers’ tax advice to generic assistance for sailing businesses and those operating in a variety of marine support services.

Whatever business you run or marine trade you are in, we understand the tax rules and regulations, including those specific to the marine sector, and can handle all of your tax affairs.

Marine Accounting

Our marine client base encompasses a lot of disciplines, from sailing schools and experiences to manufacturers of some of the best yacht sails in the world.

At Parry Hancock, all the strategic planning and tax advice, along with professional services such as personal or corporate tax returns, is handled with the minimum of fuss and optimum efficiency to provide an all-encompassing marine accounting service.

If you run your own business, either as a sole trader, partnership or an incorporated company, we can take care of any accounting, tax and payroll tasks you would like taken off your hands.

Tax Services to Seafarers

If you work at sea, you may have questions about your tax obligations in the UK. This is a complex area where professional advice on Seafarers’ Earnings Deduction and Tax Residency is essential- we are able to advise our clients in this area. 

For an initial meeting on seafarer tax obligations and advice we charge a fee of £195 + vat. We would need to comply with the regulations governing new clients, including necessary fact finding and ID verification as part of the process of becoming a client and ensuring we have all the relevant information to enable us to give proper advice.

Speak to Lucy