The Scottish Parliament has passed its Budget Bill for 2018/19, which introduces five tax bands and rates for Scottish taxpayers. These new rates will have knock-on effects for certain income tax reliefs and allowances.
Rebecca Cave has identified a particular complication wrt the marriage allowance:
"The marriage allowance is causing some headaches within HMRC, as it can only be claimed by couples where the higher earner pays no more than the basic rate of tax (rest of UK rate). However, for Scottish taxpayers the basic rate band will be divided into the starter rate (19%), basic rate (20%) and the intermediate rate (21%) in 2018/19.Good luck to the taxpayers of Scotland and HMRC in sorting this out!
It is likely that a claim for the marriage allowance will remain valid for all Scottish taxpayers who pay tax at less than the Scottish higher rate (41%), but that has yet to be decided."
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.
Ken Frost has negotiated a 10% discount on any polices that may suit your needs.
However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.
What is Solar Tax Investigation Insurance?
Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Solar Tax Investigation Insurance
HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"