Menu
Mon, 25 November 2024

Newsletter sign-up

Subscribe now
The House Live All
A highly skilled workforce that delivers economic growth and regional prosperity demands a local approach Partner content
By Instep UK
Economy
UK Advertising: The Creative Powerhouse Fuelling Global Growth Partner content
Economy
Trusted to deliver Britain’s green growth Partner content
By Trust Ports Partnership
Economy
Taking the next steps for working carers – the need for paid Carer’s Leave Partner content
By TSB
Health
“Quo vadis” for the foundational industries in the UK Partner content
By BASF
Economy
Press releases

Two million couples missing out on tax break – HMRC

1 min read

Nearly half the couples eligible for a marriage tax break have failed to make a claim, HMRC has revealed.


The tax allowance, which is worth £230 a year, has only been claimed by 2.2 million married couples when 4.4 million are eligible.

Introduced in 2015, the tax allowance can be claimed by married couples and civil partners who meet certain conditions.

HMRC has simplified the claiming process and the number of couples claiming has doubled from 2015. 

Steve Webb, the director of policy at Royal London, said the take-up was "shockingly low".

"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," he said.

Married couples where one partner pays 20% tax on their salary are eligible, with the other partner earning under £11,500.

HMRC has organised several advertising campaigns to persuade people to apply for marriage allowance and is known to be frustrated by the lack of take-up.

"Applications have increased year on year, and the application process is easy, and families can apply at a time which is convenient for them," a spokesperson said.

 

 

PoliticsHome Newsletters

PoliticsHome provides the most comprehensive coverage of UK politics anywhere on the web, offering high quality original reporting and analysis: Subscribe

Read the most recent article written by Jessica Wilkins - Labour cancels Shoreham hustings as row over candidate deepens

Categories

Economy
Podcast
Engineering a Better World

The Engineering a Better World podcast series from The House magazine and the IET is back for series two! New host Jonn Elledge discusses with parliamentarians and industry experts how technology and engineering can provide policy solutions to our changing world.

NEW SERIES - Listen now