HMRC is proposing to married couples and those in civil partnerships to sign up to a £250 tax break this Valentine’s Day (14 February, 2020).
More than 1.78 million couples are already committed to the Marriage Allowance boost, but it is estimated more than 2 million are missing out on up to £250 this year. If their claim is backdated, they could even receive up to £1,150. This is the last chance for eligible couples to backdate their claim for the 2015 to 2016 tax year as the deadline for doing so is 5 April 2020.
Angela MacDonald, HMRC’s Director General for Customer Services, said:
"Applying for Marriage Allowance is a quick and easy way for married couples and people in a civil partnership to have £250 or more put back in their pockets.
Marriage Allowance lets people with income of £12,500 or less, transfer up to £1,250 of their Personal Allowance to their husband, wife or civil partner – if their income is higher. This reduces their tax by up to £250 for the 2020 to 2021 tax year. Claims can also be backdated four years to April 2015. After 5 April 2020, couples will only be able to claim back to the 2016 to 2017 year.
It’s fantastic to see so many couples have already put a few minutes aside to apply, and we hope many more will sign up this Valentine’s Day to take advantage of this tax relief."
Tax does have to be taxing.
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