Menu
22/05/2007
Local fishermen offered help by Taxman
Share fishermen in Ardglass and Kilkeel are being encouraged to join a scheme tailor-made to help ensure they will not be caught short when their tax is due.
Share fishermen, who are classified self-employed, receive a share of the profits or gross earnings of a fishing boat.
But research from HM Revenue & Customs (HMRC) has revealed that share fishermen often don’t save for tax and national insurance, and this can cause difficulty when the tax bill finally arrives.
The Share Fisherman Scheme, set up by HMRC, helps its members set aside money aside each month from every catch, helping them to pay tax and national insurance on time and automatically at the end of the tax year.
Ron McGruther, HM Revenue & Customs, share fishermen tax manager, said: “We don’t want to have to issue share fishermen with penalties for late and incorrect tax returns. This is why we have set up this tailor-made scheme.
“Besides this, the scheme will make it easier for share fishermen to access other benefits, including: tax credits, if they are on a low income; and other financial services, such as, loans and mortgages.”
An information pack is available from HMRC about how to join the scheme. Call 0845 0789 789, or 01779 483 314.
(JM/SP)
Share fishermen, who are classified self-employed, receive a share of the profits or gross earnings of a fishing boat.
But research from HM Revenue & Customs (HMRC) has revealed that share fishermen often don’t save for tax and national insurance, and this can cause difficulty when the tax bill finally arrives.
The Share Fisherman Scheme, set up by HMRC, helps its members set aside money aside each month from every catch, helping them to pay tax and national insurance on time and automatically at the end of the tax year.
Ron McGruther, HM Revenue & Customs, share fishermen tax manager, said: “We don’t want to have to issue share fishermen with penalties for late and incorrect tax returns. This is why we have set up this tailor-made scheme.
“Besides this, the scheme will make it easier for share fishermen to access other benefits, including: tax credits, if they are on a low income; and other financial services, such as, loans and mortgages.”
An information pack is available from HMRC about how to join the scheme. Call 0845 0789 789, or 01779 483 314.
(JM/SP)
Related Northern Ireland News Stories
Click here for the latest headlines.
28 November 2024
New Grants Scheme To Tackle Domestic And Sexual Abuse
The Justice and Health Ministers have launched a new small grants scheme aimed at reducing domestic and sexual abuse. The Domestic and Sexual Abuse Strategy Small Grant Scheme will support community and voluntary organisations working with victims of abuse.
New Grants Scheme To Tackle Domestic And Sexual Abuse
The Justice and Health Ministers have launched a new small grants scheme aimed at reducing domestic and sexual abuse. The Domestic and Sexual Abuse Strategy Small Grant Scheme will support community and voluntary organisations working with victims of abuse.
24 October 2024
100 Days Left To File Your Self Assessment Tax Return
The clock is ticking for taxpayers who file Self Assessments. HM Revenue and Customs (HMRC) is reminding everyone that they have just 100 days left to submit their return and settle any tax owed before the January 31st deadline. For those who haven't started yet, HMRC offers a wealth of information and guidance on GOV.
100 Days Left To File Your Self Assessment Tax Return
The clock is ticking for taxpayers who file Self Assessments. HM Revenue and Customs (HMRC) is reminding everyone that they have just 100 days left to submit their return and settle any tax owed before the January 31st deadline. For those who haven't started yet, HMRC offers a wealth of information and guidance on GOV.
23 January 2024
HMRC Issues Self Assessment 31 January Deadline Reminder
HM Revenue and Customs (HMRC) has urged the 3.8 million people yet to file their Self Assessment tax return are urged to "act now or risk facing a £100 penalty". HM Revenue and Customs (HMRC) is expecting more than 12.1 million tax returns to be filed for the 2022 to 2023 tax year along with any payment that is owed. To date more than 8.
HMRC Issues Self Assessment 31 January Deadline Reminder
HM Revenue and Customs (HMRC) has urged the 3.8 million people yet to file their Self Assessment tax return are urged to "act now or risk facing a £100 penalty". HM Revenue and Customs (HMRC) is expecting more than 12.1 million tax returns to be filed for the 2022 to 2023 tax year along with any payment that is owed. To date more than 8.
20 November 2024
DAERA Minister Confirms Commitment to Deposit Return Scheme
DAERA Minister Andrew Muir has reaffirmed his commitment to introducing a Deposit Return Scheme (DRS) in Northern Ireland. The DRS is designed to encourage recycling by offering a monetary incentive for returning single-use drinks containers. The scheme will cover PET plastic, steel, and aluminium containers ranging from 150ml to 3 litres.
DAERA Minister Confirms Commitment to Deposit Return Scheme
DAERA Minister Andrew Muir has reaffirmed his commitment to introducing a Deposit Return Scheme (DRS) in Northern Ireland. The DRS is designed to encourage recycling by offering a monetary incentive for returning single-use drinks containers. The scheme will cover PET plastic, steel, and aluminium containers ranging from 150ml to 3 litres.
04 April 2006
Car share website launched
Department for Regional Development (DRD) has today launched a website to allow potential car sharers to find travel partners in a bid to reduce commuter traffic on Northern Ireland's roads.
Car share website launched
Department for Regional Development (DRD) has today launched a website to allow potential car sharers to find travel partners in a bid to reduce commuter traffic on Northern Ireland's roads.
-
Northern Ireland WeatherThis Evening and Tonight:Rain clearing away east by early evening with some clear spells but a few showers likely to affect the North coast and other areas towards dawn, remaining breezy and mild overnight. Minimum temperature 9 °C.
