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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Angela MacDonald clear has no clue. Try asking staff on the Taxes helpline how many complaints they receive from customers who have signed up for something they didn't understand. Even some of the advisors have misled customers telling them they will benefit when they actually don't, eg because they are both taxpayers
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