UK Wedding News
21/10/2016
HM Revenue and Customs (HMRC) has said that less than a quarter of couples eligible for marriage tax allowance in the UK have claimed it.
The allowance is worth £220 in 2016/17. However, couples who are eligible are able to back-date a claim for last year as well, meaning a total of £432.
It is understood some 4.2 million couples could claim the allowance, but only one million have done so. It allows one half of a married couple transfer part of their tax-free allowance to their partner, but one of the partners is not allowed to earn more than £11,000 (the personal allowance), while the other needs to be paying income tax at the basic rate.
The tax perk was introduced in April 2015 to incentivise marriage.
(JP/LM)
20/03/2020
LeToya Luckett-Walker Is Pregnant
Charlotte Crosby Finds New Romance
Lydia Bright Gets Candid About Giving Birth
Lana Del Ray Splits From Boyfriend
Angelica Ross Learns Of Boyfriend's Secret Life
Ashley Graham's Breastfeeding Struggle
Susanna Reid's Mother's Day Plans
Lin-Manuel Miranda Homeschooling Kids
Kristen Bell Speaks Of Pride For Daughters
Prince George & Princess Charlotte Now Homeschooled
Married Couples Not Applying For Tax Allowance – HMRC
HM Revenue and Customs (HMRC) has said that less than a quarter of couples eligible for marriage tax allowance in the UK have claimed it.
The allowance is worth £220 in 2016/17. However, couples who are eligible are able to back-date a claim for last year as well, meaning a total of £432.
- - - - - - Advertisement - - - - - -
It is understood some 4.2 million couples could claim the allowance, but only one million have done so. It allows one half of a married couple transfer part of their tax-free allowance to their partner, but one of the partners is not allowed to earn more than £11,000 (the personal allowance), while the other needs to be paying income tax at the basic rate.
The tax perk was introduced in April 2015 to incentivise marriage.
(JP/LM)
Top stories
20/03/2020
LeToya Luckett-Walker Is Pregnant
Charlotte Crosby Finds New Romance
Lydia Bright Gets Candid About Giving Birth
Lana Del Ray Splits From Boyfriend
Angelica Ross Learns Of Boyfriend's Secret Life
Ashley Graham's Breastfeeding Struggle
Susanna Reid's Mother's Day Plans
Lin-Manuel Miranda Homeschooling Kids
Kristen Bell Speaks Of Pride For Daughters
Prince George & Princess Charlotte Now Homeschooled
