Feb 8th, 2024Press Release
Kingswood Allotts Business Update - Jan/Feb 2024
Marriage allowance – savings and pitfalls
Married couples and those in a civil partnership are being urged by HMRC to check whether they can benefit from the marriage allowance. It takes just 30 seconds to see if you are eligible for an annual tax saving of up to £252. The marriage allowance is often ignored or misunderstood, but HMRC’s online marriage allowance calculator will instantly work out any tax saving. All that’s needed is gross income – from all sources – for you and your partner.
Alongside this feature, our other stories include:
Corporate tax reliefs extended
Living with fiscal drag – tax impacts
Small company scrutiny increases
Tax and accounting changes boost for self-employed
Basis period reform
ISA reforms loosen restrictions
Small company scrutiny increases