Hi all
I'm about to start new employment back end of Feb/start of March, not in the IT sector but oil/gas (this is most relevant forum I could find, been a great help so far).
My first query is that I am currently employed and my career change hinged on me completing a training course which required me to take 12 days holiday this month. I am also away to Florida for a week in Feb which required me to take 4 days (it's a shift system). So when I come to hand in my notice late Feb I'll have accrued 5 days but will owe my employer 11 days (132 hours). What's the normal policy regarding his? I'll get a bill off my employer? They don't know about the career change, I've basically been ducking and diving as the management in my dept are horrendous, all I can say is I have had a lucky escape. In a perfect world I'd have taken the course after leaving but I'd prefer to stay in employment right upto changing jobs.
Second query is that as I will be a higher rate tax payer and subcontracting to a firm in Holland, I'm going to be taking advice soon from an accountant but in the meantime wondered if anyone has experience of Seafarers tax relief arrangements? I'll spend a large proportion of time on pipe laying barges, which HMRC classify as a vessel for the purposes of the Seafarers tax relief. In this instance would it be preferable to pay myself a higher salary and claim income tax relief or would the NI contributions negate any benefit of the income tax rebate? Primarily because I would like to get a mortgage in the next few years and having a salary of 8k will obviously be a hindrance.
Thanks in advance.
I'm about to start new employment back end of Feb/start of March, not in the IT sector but oil/gas (this is most relevant forum I could find, been a great help so far).
My first query is that I am currently employed and my career change hinged on me completing a training course which required me to take 12 days holiday this month. I am also away to Florida for a week in Feb which required me to take 4 days (it's a shift system). So when I come to hand in my notice late Feb I'll have accrued 5 days but will owe my employer 11 days (132 hours). What's the normal policy regarding his? I'll get a bill off my employer? They don't know about the career change, I've basically been ducking and diving as the management in my dept are horrendous, all I can say is I have had a lucky escape. In a perfect world I'd have taken the course after leaving but I'd prefer to stay in employment right upto changing jobs.
Second query is that as I will be a higher rate tax payer and subcontracting to a firm in Holland, I'm going to be taking advice soon from an accountant but in the meantime wondered if anyone has experience of Seafarers tax relief arrangements? I'll spend a large proportion of time on pipe laying barges, which HMRC classify as a vessel for the purposes of the Seafarers tax relief. In this instance would it be preferable to pay myself a higher salary and claim income tax relief or would the NI contributions negate any benefit of the income tax rebate? Primarily because I would like to get a mortgage in the next few years and having a salary of 8k will obviously be a hindrance.
Thanks in advance.
Comment