Married allowance - do you need to pre-register?

In February 2015 HM Revenue & Customs announced that registration had opened for the new married allowance tax break which enables couples to save up to £212 a year (£17.66 a month).

The new tax relief came into effect on 6 April 2015, and allows a spouse or civil partner who has an annual income of less than £10,600 to transfer up to 10% of it (£1,060) to their partner as long as neither are higher rate taxpayers.

However, the announcement mentioned that ‘registration’ had opened to claim the relief; but this does not mean that pre-registration is actually required. All this really means is that individuals will be contacted for information on how to make the claim to transfer their allowances and that’s likely to be something that you’ll happily let them know about anyway.

If you have any query or require more details, then please do not hesitate to contact Scott Burkinshaw on 0114 2671617.

Scott Burkinshaw

Scott is Tax Partner at Shorts, specialising in providing strategic corporate and personal tax advice.

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Tags: Business Taxes

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