Tenerife forum

[Stublue]

Does anyone on the forum work offshore in the Oil & gas industry? I work in the British sector of the North Sea and was wondering if anyone out in tenerife has managed to get any tax relief for living outside the UK but still being classed as working in the UK? (i.e equal time on/off rotation, so im classed as working in the UK for 6 months of the year, even though I will be living in Tenerife (eventually). it would be good to hear from anyone clued up on this.

basically I want money back from her majesty's government when I move out ! is it possible?

[rob]

If you live in Tenerife and work on the rigs for half the year and want to become resident here it's no problem if you're an EEC citizen. You just make tax declarations and pay your taxes here instead. If your company will agree to it.
If you're trying to avoid paying taxes at all.....sorry but the law says that you have to be resident somewhere and if you don't apply for residency here you're deemed to still be resident in the uk.
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[strippersrus]

my friends husband works on the oil rigs ....he is based of Egypyt at the moment, he does 4 weeks on and 4 weeks off....

I could ask him who he pays his taxes to and so on...he is not back though for 3 weeks as he only left on sunday night.....i could ask his wife...my mate ..lol she may know.

I will try and find out for you .
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Stripps

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[Stublue]

[strippersrus]

I have had a chat with my mate.....

He doesn't pay taxes to UK government as he signed a declaration stating he lived abroad....

Also as he doesn't live here for more than 6 months he doesn't have to pay taxes here in Tenerife either....

BUT...he does have to pay taxes to the country he is technically based..Which is EGYPT...so the company that he works for pay his taxes locally....

They also said that although you will be living abroad for 6 months...you will be (as you said) working in UK waters so will have to pay the taxes locally to your job.....

They did say that they will find out a bit more for me too....lol

The company that pay him is an american company ....don't think that makes a difference but...

i hope this helps a little
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[thedefiantpose]

helooo me in the same boat as i work in the north sea, we are moving over in june so i dont know what the rate of tax is over there. cant see the British companies not taxing ya they are doing self employed off shore now you could probably get pay less tax but depends on the length of service you have
but me thinks you will have to pay one master ha ha ha then again maybe not me going over renting then hopefully buying me will be working in the north sea looking forward to the sun

[strippersrus]

The company should sort out all your tax.

If the rig is based in North sea then the company will pay your tax to the UK for you. You should also get a letter from the company at the end of every tax year stating the amount of tax that you have paid.

One more thing, because you will be technically still a UK resident you will not be able to gain residency here...via a residenci as you can only be resident in one country at a time...

My friend as said before works on the rigs in Egypt...4 weeks on weeks off. He is the rig manager. He was the one who told me all this info lol bless him.
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Stripps

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