29 July 2021
Seafarer Allowance and Fisher Tax Credit
Tax and Duty Manuals Part 15-01-30 (Seafarer Allowance) and Part 15-01-45 (Fisher Tax Credit) have been amended as a consequence of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020 coming into operation.
Tax and Duty Manual Part 15-01-30 – Seafarer Allowance – has been amended to include an updated definition of a "sea-going ship" in the appendix. A consequential amendment has been made to the qualifying conditions set out in section 1, due to the updated definition of a sea-going ship.
Tax and Duty Manual Part 15-01-45 – Fisher Tax Credit has been amended to include an updated definition of a "fishing vessel" in section 2. A consequential amendment has also been made to the qualifying conditions set out in section 3, due to the updated definition of a fishing vessel.
The changes are technical in nature, and ensure that, following Brexit, the status quo regarding eligibility for the allowance/tax credit is retained.