Over two million couples missing out on tax break 3 October 2017 Nearly half the couples eligible to claim marriage tax allowance - worth £230 a year - are still failing to do so, HMRC has said. BBC News has reported that a Freedom of Information request to HMRC by Royal London revealed 2.2m couples are claiming it from the 4.4m which are actually eligible. The figure is up on a quarter last year and HMRC says it has simplified the application process. Partners must either be married, or in a civil partnership. One partner needs to be earning at least £11,500 a year, and paying tax at the basic rate of 20%. If he or she is earning over £45,000 (£43,000 in Scotland) they are not eligible. The other partner must be earning less than £11,500 in 2017-18, meaning they pay no tax. If the above conditions are satisfied, the partner not paying tax can transfer 10% of his or her tax allowance to a partner, so saving £230 in this tax year. Back-claims can be made for previous years The latest figures were obtained as the result of a Freedom of Information request to HMRC by insurance company Royal London. Steve Webb, the director of policy at Royal London, said the take-up was "shockingly low" and "When family finances are so tight, I would encourage every married couple to check whether they might be eligible, including for the last two years, as they could qualify for a useful lump sum as well as a reduction in their ongoing tax bill.” The tax allowance can be claimed by married couples or those in a civil partnership if they meet certain conditions.
Apply for marriage allowance at GOV.UK
Back to Contents
Help and support for the HMRC Personal Tax Account 28 September 2017
Have you already, or are you thinking about, registering to use your Personal Tax Account? HMRC webinars explain how to use your account and what services you can access.
Set up your Personal Tax Account
Catch up with the latest available webinar to find out: how to set up your Personal Tax Account what information you’ll need what services you can access in your account
Sign in to your Personal Tax Account Catch up with the latest available webinar to find out how to sign in to your Personal Tax Account once you’ve set it up.
P800 end of year tax calculation Watch P800 YouTube videos to find further information on Pay As You Earn.
Available webinars are listed by subject and can last up to an hour.
To attend an upcoming live webinar, register and sign in at least 5 minutes before it starts.
You can ask your host questions during live webinars using the on-screen text box.
Back to Contents
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 256 of 516
Made with FlippingBook - Online magazine maker